The level of entrepreneurial activity in a nation is __________ the nation's level of economic productivity.

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18-08-2022
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The level of entrepreneurial activity in a nation is __________ the nation's level of economic productivity.

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astha8579 astha8579 · Answer 1 · 2022-08-26T09:21:17+02:00

The level of entrepreneurial activity in a nation is positively related to the nation's level of economic productivity.

What is economic productivity?

Productivity is the proficiency of creation of labor and products communicated by some action.

Estimations of economic productivity are many times communicated as a proportion of a total result to a solitary info or a total info utilized in a creation cycle There are various meanings of productivity (counting those that are not characterized as proportions of result to include) and the decision among them relies upon the reason for the productivity estimation as well as information accessibility.

Productivity is a pivotal consider the creation execution of firms and countries. Expanding public productivity can increase living expectations since all the more genuine pay works on individuals' capacity to buy labor and products.

Therefore economic productivity maintain the level of entrepreneurial activity.

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