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Productivity and Economic Prosperity

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					Productivity and Economic Prosperity
     What is Economics?
Economics, social science concerned
with the production, distribution,
exchange, and consumption of goods
and services
What’s the job of Economists?
Economists focus on the way in
which individuals, groups, business
enterprises, and governments seek
to achieve efficiently any economic
objective they select
    Branches of Economics!
There are two major fields



    1-   Micro-Economics



    2-   Macro-Economics
       Micro-Economics

Interplay of supply and demand
  Macro-Economics……

It deals with modern explanations of
national income and employment
    Economic Prosperity
The economic prosperity of a city,
state or nation is largely dependent
on the amount, and type, of business
being conducted there. Payroll, taxes
and corporate purchases all
contribute significantly to economic
health — and indirectly to
infrastructure, civic institutions and
culture
Productivity and Economic
        Prosperity

 Prosperity is a function of
      productivity
Economic Prosperity: ultimate goal

   Basic demand of human being
   Provides comfort
   Gives leadership
   A way to get respect
   Independence
Means of Economic Prosperity

   Reach to resources
   Use of resources
   Development of resources
   Provision of resources
   Getting benefit of resources
    Economic prosperity depends
              upon:
Economic prosperity depends upon:

   Knowledge
   Skill
   Hard work
   Use of state of the art technology
   Generation of value added products
    and services
     Developed Countries and
           productivity
   A proof that better productivity is
    a guarantee of economic
    prosperity
   They achieved through better
    productivity
   Resources scarcity did not hinder
   They used resources more wisely
     Personal Prosperity and
          Productivity
   More knowledge and more gain
   High skill and better life
   More hard work and prosperity
   Prosperity is a function of
    productivity

				
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posted:6/6/2012
language:English
pages:13