The World Economic Forum defines competitiveness as the "set of institutions, policies and factors that determine the level of productivity of a country."

Another way to view it is to consider how it promotes wellbeing. A competitive economy is productive, leading to growt...

Merriam-Webster defines the word productive as, "Yielding results, benefits or profits." Essentially, it means that we have something to show for our hard work. 

Being busy has to do with an amount of time, where productivity has more to do with our use of...

This method calculates how your work of today will pay off long term, but does not tell you how to use your time more effectively. It works on the assumption that your actions from this year will continue to drive growth over the next 12 months, so the real value of your time is high...