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What is structural change?
Structural change:
Structural change arises while the associate share of GDP and employment accounted for through the primary, secondary and tertiary sectors modifications. Structural change results are within a change into GDP and employment figures for a specified industry or sector.
A businessman invested $ 4000.00 as his fixed cost in a new venture that produces batteries. Each of these batteries cost $150.00 to manufacture and he sells each battery for $180.
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