productivity ⪢⪢
Over time we've learned that accumulated knowledge raises our living standards. We call this productivity growth. #economy
http://qindex.info/i.php?x=19903
○○○ complacent ⪢⪢
Those who are inventive and hard-working raise their productivity and their living standards faster than those who are complacent and lazy. #economy
http://qindex.info/i.php?x=19904
○○○ fluctuate ⪢⪢
Productivity matters mostly in the long run but credit matters mostly in the short run. This is because productivity growth doesn't fluctuate much. So it's not a big driver of economic swings. #economy
http://qindex.info/i.php?x=19905
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