Assuming a company has been created for commercial purposes, then "productive" means that the people within the company are expected to deliver the goods or services for which the company was created. In order to create goods or deliver services individuals must be "productive". As to why it is "important" to be productive, the alternative to productive is non-productive, and the "non" also leads to non-income, non-profit and pretty quickly non-company!
oil production
mass production
Capital
Holland
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
oil production
mass production
Capital
Holland
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
Socialism
because it include all production values, so it is imperfect measure of the total production in the economic.
The seeds produced in plants are often contained in fruit. So seed production.
Major economic activities in the Persian Gulf and interior areas of the region include oil production, farming, and gas production.
Diversifying crops is important in Africa for various reasons. It helps sustain food production and also gives the country various economic products.
Distribution in political economies refers to how resources, wealth, and opportunities are allocated among individuals and groups in society. This can be influenced by various factors such as government policies, market forces, and social structures. Manifestations of distribution can be seen in income inequality, access to public services, and disparities in economic outcomes among different segments of the population. Political decisions and power dynamics play a significant role in shaping how distribution is structured within a society.
Tertiary production is part of the three sectors of the economic theory. The tertiary production refers to the creation of intangible goods and provides services to the two other sectors of economic theory.