How can less developed countries economies produced, Business Economics

Assignment Help:

How can less developed countries economies produced by developing its primary sector as agriculture?

Less developed countries economies cannot grow by developing its primary sector like agriculture since agriculture in LDCs tends to suffers through:

• Low value added and labour along with zero marginal products (Lewis model)

• Low productivity through traditional agricultural methods and land ownership, lack of complementary capital, resulting within a subsistence standard of living into rural regions.

• Natural disasters that can devastate crops

• Volatile prices low YED and PED, output and price instability

• Low and unstable incomes due to, unfavourable and deteriorating terms of trade,

• Agricultural protection in developed countries (for example EU).


Related Discussions:- How can less developed countries economies produced

A transition economy, A  transition economy is Moving from a planned t...

A  transition economy is Moving from a planned to a mixed or free market economy.

What is failure effectiveness of world trade organisation, What is the fail...

What is the failure effectiveness of World Trade Organisation in the promotion of development? Failure effectiveness of World Trade Organisation in the promotion of developmen

Explain why all firms aim at growing big in size, QUESTION a) Different...

QUESTION a) Differentiate between price, income and cross elasticity's of demand. b) How can the concept of price elasticity be useful to the owner of a supermarket who want

Hard and Soft HR, my fgeind lewis wants ro know about hard and soft hr and ...

my fgeind lewis wants ro know about hard and soft hr and whats good and whats bad about it so cabn u answer pelase

Supply, causes of exceptional supply curve

causes of exceptional supply curve

Benefits for transferring drivers to transit, Distribution of benefits for ...

Distribution of benefits for transferring drivers to transit during a congested morning commute A residential suburb has N = 30,000 commuters who drive alone to jobs in a cen

Explain how are exchange rates determined, Question 1 ‘The consumer is ...

Question 1 ‘The consumer is always king in the market place'. Critically examine this statement, highlighting the existence of market imperfections. Question 2 (a) Dis

How do institutions influence development, How do institutions influence de...

How do institutions influence development? Institutions development influence: Institutions matter since they give opportunities for people and firms to participate into

Briefly discuss the forms of legitimate governments, Question 1 Explain t...

Question 1 Explain the Orthodox and Liberal perspective of political theory Question 2 Critically analyse the institutional approach in comparative political analysis

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