Is structural change a problem, Business Economics

Assignment Help:

Is structural change a problem?

Economies are dynamic and adapt to meet evolving consumer wants needs. This means resources are moved from use to use in response to, say, changes in relative price.

The procedure of development needs radical structural change. Classically economies develop through moving resources through agricultural and mining to manufacturing and ultimately in the tertiary services sector.

Structural change becomes a problem while the burden of adjustment falls disproportionately onto minorities and regions for examples those along with outdated skills which are geographically or occupationally immobile in a specified area of the country. The resultant raised income inequality and social keeping out threatens social cohesion as into Russia.


Related Discussions:- Is structural change a problem

M & E, CHALLEGES FACING BUSINESS ORGNIZATION

CHALLEGES FACING BUSINESS ORGNIZATION

Determine the expected profit of the business, Question The Borneo Shop...

Question The Borneo Shop imports and sells a popular Blue Ray DVD player. The following current information about the business is available:           Selling price per play

BUSINESS CYCLES, FOUR CAUSES OF SLOW OF SOUTH AFRICA ECONOMY

FOUR CAUSES OF SLOW OF SOUTH AFRICA ECONOMY

What are the critics of advocates of world bank, What are the critics of ad...

What are the critics of advocates of World Bank in promotion of development? Critics of the World Bank argue: • A one-size-fits all strategy which does not take account

Macro economics, There are three firms in an economy: A, B, and C. Firm A b...

There are three firms in an economy: A, B, and C. Firm A buys $450 worth of goods from firm B and $260 worth of goods from firm C, and produces 260 units of output, which it sells

Explain the concept price discrimination, QUESTION 1 (a) Explain the co...

QUESTION 1 (a) Explain the concept price discrimination? (b) Discuss the views that price discrimination always operates in the public interest. QUESTION 2 (a) Descr

Economic analysis, There, you can obtain the available data on GDP and its ...

There, you can obtain the available data on GDP and its components. a. What is the value of nominal GDP during the past 5 years? b. What is the GDP deflator in 2006? c. Wh

Firm, What is a firm

What is a firm

Determine the critical path, S M Construction has been awarded a contract t...

S M Construction has been awarded a contract to build a new manufacturing plant just outside Cardiff. The activity on arrow table below gives data on the activities involved in the

What is employment and unemployment, What is Employment and Unemployment? ...

What is Employment and Unemployment? Employment and Unemployment: Employment: It is the number of people working within the economy. Unemployment: It is the nu

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd