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

Question, I thought I was getting an automatic answer

I thought I was getting an automatic answer

Homework., A Korean BBQ restaurant has four workers for washing jobs: Dane,...

A Korean BBQ restaurant has four workers for washing jobs: Dane, June, Park, and Pola. Each workers eight hours a day and can produce two washing services: Washing rice bowls and w

Define the aggregate price level in the macroeconomics, Define the aggregat...

Define the aggregate price level in the macroeconomics. Aggregate Price Level: A nominal measure is a measure which has not been adjusted for modifications into prices

Calculate the new money multiplier, The reserve requirement is 20%. Assumin...

The reserve requirement is 20%. Assuming banks have no desire to hold excess reserves, calculate the money multiplier. Now assume the banks want to hold 20% of their reserves in ad

What are the limits of development theories, What are the limits of develop...

What are the limits of development theories? Theories are generalisations: • When LDCs share similarities, each country is unique economic, cultural, social and historical

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

Cash Rewords, In June, Leslie wins a cash prize of $2,000. She plans to use...

In June, Leslie wins a cash prize of $2,000. She plans to use this money to pay her tuition bill in September. Leslie puts this money in a savings a savings account because her mai

Explain the primary competitors of corporation, 1.) Write a concise one-par...

1.) Write a concise one-paragraph summary (no more than ½ a page!) of the corporation. This would include, for example, its products, its industry, its primary competitors, the exc

What is a developing economy, What is a developing economy? To say a co...

What is a developing economy? To say a country is developed or developing needs indicators. For illustration: • The World Bank classification utilises one economic indicator

Problems of lower income countries, PROBLEMS OF LOWER INCOME COUNTRIES ...

PROBLEMS OF LOWER INCOME COUNTRIES There are vast income and wealth disparities in world we live in. Approximately one-fourth of the world’s population accounts for the three-f

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