What is the relationship between productivity and the cost of production, and how does the cost of production vary over the short- and long-run?© BrainMass Inc. brainmass.com October 9, 2019, 8:08 pm ad1c9bdddf
Productivity usually grows in the long term if the costs of production remains stable, falls or even rises reasonably. Most countries in the world have experienced this phenomenon. However, if the demand for the product falls, or if the costs of production increase so substantially that it causes the demand to fall, then ...
The relationship between productivity and the cost of production is achieved.