What are factor endowment implications, Business Economics

Assignment Help:

What are factor endowment implications?

Implications of factor endowment:

• Less Developed Countries to specialise and export labour intensive goods, agriculture or commodities. Conversely labour intensive goods have low value added therefore low wages while agriculture goods have low YED and PED

• Enhancing the productivity of factor inputs by better knowledge, skill and training generates growth thus development.


Related Discussions:- What are factor endowment implications

Railways economics, AsEvaluate the implications of implementing this ideal ...

AsEvaluate the implications of implementing this ideal product mix in Transnet Freight Rail.

Do you agree with what dick brandon said regarding sex, Do you agree with w...

Do you agree with what Dick Brandon said regarding sex? Do not take this question too seriously! Even though the quotation had a humorous intention, this does highlight a serio

What do you mean by the term earned value analyses, What do you mean by the...

What do you mean by the term earned value analyses?  What are additional insights into the dynamics of a project afforded via the use of EVA? Earned value implies, in effect, t

How is harrod-domar model used in planning, How is Harrod-Domar model used ...

How is Harrod-Domar model used in planning? The Harrod-Domar model is helpful to government for setting target rates for saving required to deliver a specified rate of economi

Importance of culture in the business environment, Problem 1: (a) Defi...

Problem 1: (a) Define the concepts of production-oriented capitalist system and market-oriented capitalist systems. (b) With set examples, explain how these firms behave

Return on a particular index of stocks, A sample of 60 mutual funds was tak...

A sample of 60 mutual funds was taken and the mean return in the sample was 13% with a standard deviation of 6.9%. The return on a particular index of stocks (against which the mut

Elasticity, 1. Why does the quantity of salt demanded tend to be unresponsi...

1. Why does the quantity of salt demanded tend to be unresponsive to changes in its price?

What are the limits of national income statistics, What are the limits of n...

What are the limits of national income (NY) statistics in measuring development within a country? National income statistics simply show changes in GDP (Gross Domestic Product)

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