An increase in workers' productivity.
Further Explanation:
The factors of production, as well as resources and input in economics, is used in the formation and production to get the output as finished goods. The amounts which are utilized in many ways of the input to get the result of the output under the relationship and this process is known as Production function.
There are around three basic resources that are in relation to the production and that are Land, Labor and capital and these factors can also be labeled as Producer goods or services to differentiate them from the goods or services which are purchased by consumers and are labeled as ‘Consumerable Goods'.
Consumable goods are integral to ecological economics and it follows the notion of maximum rates of sustainable matter as well as energy uptake and it is also the only way to gain the production and that takes place through the increase in design intelligence. This is done to provide the base for a core that is related to ecological economics.
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Answer details:
Grade – High School
Subject – Economics
Chapter –Production Process
Keywords – Production Process, Resources, Productivity, Ecological, Intelligence, Producer, Consumable, Land, Labour, Integral.
