Economics is the study of how to share out scarce resources. But it is also about how to make those resources less scarce by creating a bigger economic pie to share. The key to economic growth is increased productivity - producing more goods or services relative to the amount of money and work going in. Economists study how firms and countries can become more productive.

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3 March 2022     Paper Number CEPINS07

https://cep.lse.ac.uk/_new/publications/insights/productivity/

This CEP Insights is published under the centre's Growth programme.

This publication comes under the following theme: Management practices and productivity, Innovation drivers, UK productivity and policy, Technology adoption and diffusion