Policy implications - structure of national income , Microeconomics

Policy Implications:

The expansion of the services sector  has wider implications for population, employment, and trade prospects of the economy, some of which are as follows: 

1) The growing share of the services sector points to the need for policy initiatives towards introducing greater competition and efficiency in this sector so as to ensure its sustained contribution to exports (especially software) and to higher long-term growth. 

2) The gains in productivity in the agricultural and industrial sectors resulting from technological progress and innovation will have the effect of shifting employment away from the non-service sector to the services sector. This may also indicate a shift in real expenditures from commodities to value added services. 

3) The services sector constitutes a  tax-base with vast but unexploited potential, and, therefore, its growth has long-term implications for the fiscal policy.  

Posted Date: 11/10/2012 3:18:36 AM | Location : United States

Related Discussions:- Policy implications - structure of national income , Assignment Help, Ask Question on Policy implications - structure of national income , Get Answer, Expert's Help, Policy implications - structure of national income Discussions

Write discussion on Policy implications - structure of national income
Your posts are moderated
Related Questions
Fiscal Imbalance: The persistent rise in resource gap has led to a growing volume of public debt. The central feature that emerges is a serious fiscal imbalance, arising from

Implications of Williams model of managerial discretion in Nepalese industries

You are considering whether or not to go to graduate school. Well… there are many things to consider, of course, such as the type of job you would thus get, the opportunity to live

what is traditional economy 2 features of traditional economy

What is optimal choice of consumer according to consumer behavior? Consumer's Optimal Choice: In the fundamental problem of preference maximization, the set of affo

What is black marketing?  Black Marketing means hoarding of sure commodity to sell it at higher prices. But it is an illegal activity in the economy and makes artificial shorta

technological advance reduced the cost of computer chips . explain using the demand and supply diagrams , how the the following markkets are affected in terms of price and quantiti