The level of potential physical productivity of a society depends on both the development of the intellect of its members, and a minimal standard of both demographic characteristics and of consumption.
Sentiment: POSITIVE
Productivity depends on many factors, including our workforce's knowledge and skills and the quantity and quality of the capital, technology, and infrastructure that they have to work with.
In order for a society to survive, it must generate a sufficient level of physical production both to meet its current needs, and to produce a surplus for upgrading its productive powers.
Productivity - the amount of output delivered per hour of work in the economy - is often viewed as the engine of progress in modern capitalist economies. Output is everything. Time is money. The quest for increased productivity occupies reams of academic literature and haunts the waking hours of C.E.O.s and finance ministers.
All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work.
Productivity is a relative matter. And it's really insignificant: What is ultimately important is a writer's strongest books.
It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life.
Who in the same given time can produce more than others has vigor; who can produce more and better, has talents; who can produce what none else can, has genius.
Economy is the basis of society. When the economy is stable, society develops. The ideal economy combines the spiritual and the material, and the best commodities to trade in are sincerity and love.
Fact: If standard of living is your number one objective, quality of life almost never improves. But if quality of life is your number one objective, standard of living invariably improves.
A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology.