Explain productivity and its effects on individual businesses and the economy as a whole.
Explanation should include
- ways to measure productivity
- the importance of increased productivity
- types of productivity measured (e.g., employee, business, industry, national)
- ways to increase productivity (e.g., training, technology, risk management, incentives)
- the impact of productivity on individual businesses and the overall economy.
- What role does productivity play in a strong economy?
- How is productivity of marketing activities measured?
- What happens to a business when productivity declines?
- How can a business increase productivity?
- What effect does increasing or decreasing productivity have on profit?
Related Standards of Learning
The student will read, interpret, analyze, and evaluate a variety of nonfiction texts including employment documents and technical writing.
- Apply information from texts to clarify understanding of concepts.
- Read and correctly interpret an application for employment, workplace documents, or an application for college admission.
- Analyze technical writing for clarity.
- Paraphrase and synthesize ideas within and between texts.
- Draw conclusions and make inferences on explicit and implied information using textual support.
- Analyze multiple texts addressing the same topic to determine how authors reach similar or different conclusions.
- Analyze false premises, claims, counterclaims, and other evidence in persuasive writing.
- Recognize and analyze use of ambiguity, contradiction, paradox, irony, sarcasm, overstatement, and understatement in text.
- Generate and respond logically to literal, inferential, evaluative, synthesizing, and critical thinking questions about the text(s).
The student will read, interpret, analyze, and evaluate a variety of nonfiction texts.
- Use critical thinking to generate and respond logically to literal, inferential, and evaluative questions about the text(s).
- Identify and synthesize resources to make decisions, complete tasks, and solve specific problems.
- Recognize and analyze use of ambiguity, contradiction, paradox, irony, overstatement, and understatement in text.
- Analyze false premises claims, counterclaims, and other evidence in persuasive writing.
History and Social Science
The student will apply social science skills to understand economic systems by
- identifying the basic economic questions encountered by all economic systems;
- comparing the characteristics of traditional, free market, command, and mixed economies, as described by Adam Smith and Karl Marx; and
- evaluating the impact of the government’s role in the economy on individual economic freedoms.