Why Productivity is Important ?
Benefits of Increased Productivity
Enhancing the productivity is the aim of any business. Increased productivity ensures higher production and effective utilisation of available resources.
Benefits of Enhanced Productivity.
- It ensures effective utilisation of available resources and hence increases overall performances.
- It reduces the price of goods to be sold and better quality products are provided to consumers.
- It ensures increased wages to workers thereby raising their living standards.
- It leads to lesser overhead costs.
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