Which Is More Important-The Quantity of Inputs or the Productivity

question 29

Essay

Which is more important-the quantity of inputs or the productivity of inputs-as a source of economic growth in Canada? Explain.

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Definitions:

Process Innovations

Changes or improvements made to processes (in manufacturing, technology, management, etc.) aimed at enhancing efficiency, productivity, or quality.

Lack of Diffusion

The failure or slow process of spreading ideas, practices, or innovations across members within a society, organization, or community.

Diffuse

To spread or disperse something widely, or to be overly verbose and scattered in speech or writing.

Organizations

Entities composed of multiple individuals working together towards a common purpose or goal, structured in a specific manner.