Business, 08.04.2021 16:50, mimi5937

Answer the questions about concepts related to productivity. 1. What is productivity? What is the difference between production and productivity? (1 point)

2. What is specialization, or division of labor? How does it relate to productivity? (1 point)

3. Describe the concept of economies of scale. how does it relate to productivity?

4. What is the law of diminishing returns? How does it relate to productivity?

5. What is comparative advantage? How does it relate to productivity?

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Answer the questions about concepts related to productivity. 1. What is productivity? What is the d...