What factors affect a nation productivity

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1. Match each of the following terms to the correct definition or description below: (a) competitive advantage (b) gross domestic product (c) economies of scale (d) standard of living (e) transparency () capital (g) developed countries (h) developing countries (1) knowledge economy (i) the total value of goods and services produced in a country during a specific period (ii) an open sharing of information within an organization or company (iii) money or other assets that are available for investment purposes (iv) outperformance of competitors in a number of areas (v) reliance on information, ideas, and technology (vi) a measurement based on the kinds and quality of goods and services people can afford (vii) countries that are in the process of becoming industrialized (viii) the tendency of cost per item to go down when items are produced in large quantities (ix) countries with a high standard of living

2. Identify five factors that influence Canada's ability to compete in world markets.

3. What are three advantages and three disadvantages Canada has in competing globally?

4. What factors affect a nation's productivity?

Reference no: EM132858479

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