Answer to Question #336536 in Financial Math for eliakim ndume

Question

Can we improve the standard of living of Namibians through an increase in productivity or through an increase in production?

Answer 1

Namibia's economy is heavily dependent on the earnings generated from primary commodity exports in a few vital sectors, including minerals, especially diamonds, livestock, and fish.

So, we can improve the standard of living of Namibians through an increase in productivity.