Asked by Laura Cinnamon on May 13, 2024

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Why does Canada's productivity growth increasingly lag behind its main competitors?

A) Canadian organizations do not have the same economies of scale.
B) Canadian organizations do not invest enough resources in training and development.
C) Canadian organizations do not follow the voluntary training laws in Canada.
D) Canadian companies have access to a large source of skilled labour.

Productivity Growth

An increase in the efficiency of production, often measured by the ratio of output to input over a specified period of time.

Economies Of Scale

The cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale.

Skilled Labour

Labor that requires specialized training, knowledge, and abilities, often distinguished from unskilled or semiskilled labor in the context of workforce and employment.

  • Acquire knowledge about Canada's standing in the global sphere of productivity and innovation, noting its strengths and shortcomings.
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sophia serratoMay 18, 2024
Final Answer :
B
Explanation :
According to research, a lack of investment in training and development is one of the key reasons behind Canada's lagging productivity growth. In comparison to other countries, Canadian businesses spend less on employee training and development, which results in a less skilled workforce and lower productivity growth.