Answer
Productivity is important because a country's standard of living depends on its ability to produce
goods and services. The greater a country's productivity (the amount of goods and services
produced from each hour of a worker's time), the greater its standard of living will be.
Work Step by Step
Productivity is critical in the world of economics because its the life source for its ability to produce goods and services. You can find the information in this chapter where it discusses about productivity,
