@ http://www.expertsmind.com/economics-homework-assignment-help.aspx at www.expertsmind.com offers help with economics assignments, Know more about productivity and acquire help in economics, get tutors help in economics subjects.

1. Know More about Productivity and Acquire help in economics
Economics is not easy subject, study of economics need proper assistance so now it is not difficult to get
assistance form online tutors and also they want assignment help to reduce task burden .Many
Economics online experts are available online for economics assignment help in order to provide aid in
completion of your task .
The advantages of higher productivity for a business and for the economy
Higher productivity can provide the economy with a number of advantages over time
1. Lower average costs: Improvements in labour and capital productivity allow businesses to
produce output at a lower average cost. These cost savings might be passed onto consumers in the form
of lower prices, encouraging an expansion of demand, higher output and possibly an increase in
employment.
2. Improved competitiveness in international markets: Productivity growth and lower unit costs
are key determinants of the competitiveness of British firms in domestic and overseas markets. From
improved productivity, businesses can develop a competitive advantage in markets where there is
intense price and non-price competition from overseas suppliers.
3. Higher profits: Efficiency gains resulting in rising productivity are a source of larger profits for
companies which might be re-invested to support the long term growth of the business
4. Higher real wages: In the long run there is a positive relationship between improvements in
labour productivity and the real wages paid to labour as a factor of production. Put simply, businesses
are better able to afford higher wages when their labour force is more efficient
5. Economic growth: Our capacity to produce goods and services depends on the stock of factor
resources available plus the productivity of those factors. If the British economy can raise the rate of
growth of productivity then the trend growth of national output can pick up. This has implications for
living standards, unemployment and tax revenues and government spending in future years
Factors explaining the productivity gap: Report into low UK productivity by economists at the London
School of Economics:
The persistent productivity gap between the UK and the two big continental European economies can
mainly be 'explained' by the fact that they have more capital invested per worker and their workers are
more skilled. Productivity growth is highest in industries with greater product market competition -
where less productive firms contract and close while new more productive ones open and grow; and
where competitive pressures force existing firms to improve. Capital investment plays an important role
in productivity growth. But the UK has less physical capital per worker than the United States and
considerably less than France and Germany. Many explanations have been offered for these shortfalls,
including macroeconomic instability and business uncertainty.

2. http://www.expertsmind.com/economics-homework-assignment-help.aspx