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

Capital income and capital expenditure, Task 1 Your line manager has as...

Task 1 Your line manager has asked you what you think the accounting department's role is in relation to the organisation. In your group, discuss the main purpose of accounti

Export, Procedure for export under deferred paymet

Procedure for export under deferred paymet

What are the predictions of dependency theory, What are the predictions of ...

What are the predictions of dependency theory? The predictions of dependency theory: • DCs exploit LDCs (Less Developed Countries) by extracting their surplus value. Surplu

Actual and theoretical price adjustment, For any stock splits (if there wer...

For any stock splits (if there were any it will look like the screen below) compare the actual and theoretical price adjustment.  For example, on the day that a 2-for-1 split is ef

Status of the economy and gdp , • Although the country produced several typ...

• Although the country produced several types of commodities (goods and services) in the year 2002, but this country's Central Statistics Office has grouped such commodities into f

Present value question, Lottery Ticket Win! You win the lottery and are pr...

Lottery Ticket Win! You win the lottery and are promised by the Lottery Commission $12,000 a year for 6 years, starting next year. Assume the interest rate is 9%. What is the pre

Average and standard deviation of monthly return, Report the average and st...

Report the average and standard deviation of monthly return for your corporation and the S&P 500 on the spreadsheet.  Use the spreadsheet functions to calculate these: =AVERAGE(dat

NPV, How do I calculate NPV with benefits and costs?

How do I calculate NPV with benefits and costs?

Can less developed countries economies grow, Can less developed countries e...

Can less developed countries economies grow by developing services as tourism? Less developed countries economies grow by developing services as tourism when: The less deve

Healthcare licensure, Why are many economists opposed to licensure of medic...

Why are many economists opposed to licensure of medical facilities and personnel?

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