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Given the estimated amount of spare productive capacity, this is not surprising – output will have scope to grow as existing assets are utilised and people are reabsorbed into the labour force.
"[W]ith plenty of crude oil in commercial and strategic storage and sufficient spare productive capacity, crude oil price volatility has continued to trend down since the start of the Iraq War... Essentially, the only real problem the oil market has at the moment is where to store the excess crude that is coming out of the ground".
The wasteland of millions of young unemployed and under-employed low-wage, low-skilled citizens; and the vast spare productive and creative capacity of the British economy is painful to witness, given that in fact, economists know exactly how to revive employment and economic activity.
Profits are extremely sensitive to the amount of spare productive capacity in the economy.
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At the moment, reckons Julio Pisa of BrasilAgro, which owns 166,000 hectares of farmland in Brazil, the country has 20m spare hectares of good productive land.
Fat, spare.
Even if they do go to school, adolescents in Yemen face enormous challenges in finding a job when they graduate and in finding productive ways to fill their spare time.
The best productive way of utilizing your spare time is to use your hobbies and interests you are skilled at and earn an income.
It is the spirit of Islam that no piece of cultivable land is allowed to be left unused, because; Islam directs its followers to be productive and efficient in all spares of life.
Learning a new language is a fun endeavor and a really productive thing to do in your spare time.
"But highly productive farming on its own won't spare nature — in fact, it could contribute to the destruction of nature", cautioned Professor Laurance.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com