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The President of the nation of Nyumba wants to increase productivity but does NOT want to...

The President of the nation of Nyumba wants to increase productivity but does NOT want to spend any additional monies on physical or human capital investment. He has asked you to suggest at least two other public policies to help the nation and briefly explain to him why these will garner a rise in overall production.

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Answer #1

One method in which you can actually increase the overall production is by reducing the tax rates so that the organisation can buy more input so that the production can increase all in all. This reduction of tax rates is also a part of fiscal policy.

another way in which production can be increased is by increasing the minimum wage so that more skilled workers can come into the industry as a result of which productivity can increase and with this production levels also increase at a given input level all in all.

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