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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Learning Objectives
- Acquire knowledge about Canada's standing in the global sphere of productivity and innovation, noting its strengths and shortcomings.
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