Question

Examine the importance of ‘productivity’ as a pillar of ‘human development’.

Answer 1

1. Productivity means human labour productivity and must be enriched by building people’s capabilities.
2. Improved education, skills and health raise work efficiency.
3. Higher productivity increases incomes and widens choices.
4. It makes people the real wealth of a nation and supports sustainable development.
5. By raising labour productivity, nations increase output, reduce poverty and improve living standards.
6. Enhances people’s freedom to choose careers and lifestyles.
7. Thus, productivity is central to enlarging people’s choices.