Business Concept
Productivity

In economics, productivity is the amount of output in terms of goods produced or services rendered per input unit used. For instance, labor productivity is typically measured as output per labor hour. There are other aspects of productivity as well as capital productivity, creative productivity, artistic productivity and the like.

Newton's Suitcase reveals that the writings of the great physicist grew out of his studies of alchemy and theology. This has been revealed by the documents he left behind in a suitcase when he died. He believed he could make true discoveries about the world by reading the holy texts. All these were stored inside a great box – Newton's suitcase.

Comparative Advantage explains that one of the most powerful ideas of economics is the benefit of trade. So why might it be rational to block free trade?

The Experience Curve by BCG founder Bruce D. Henderson revolutionized business strategy with its findings of increasing returns. It says that experience systematic cost declines with every doubling of cumulative input.