How does sectoral change enhance development, Business Economics

Assignment Help:

How does sectoral change enhance development?

The Lewis Model argues economic growth needs structural change into the economy whereby surplus labour into traditional agricultural sector along with zero marginal products that migrate to the modern industrial sector, here their marginal product is much higher.

The Rostow model classifies a progression through primary orientated production along with low value added to manufacturing and services along with high value added.

Shifting resources through low productivity primary zone to higher productivity sectors increase output and income.


Related Discussions:- How does sectoral change enhance development

Elasticity, how the concept of elasticity used for decision making

how the concept of elasticity used for decision making

Equity, The Concept of Equity is explained below: Equity represents tha...

The Concept of Equity is explained below: Equity represents that the principle of taxation which emphasizes fairness or just the sacrifice, which is everyone must pay the tax d

How can less developed countries economies produced, How can less developed...

How can less developed countries economies produced by developing its primary sector as agriculture? Less developed countries economies cannot grow by developing its primary se

Acknowledge & report for the market for education, Task You work for a...

Task You work for a government of a European country that is considering making admission to museums of your country free to make them available to everybody. You have deci

ASSIGNMENT.., What is the value proposition that Apple Pay offers consumers...

What is the value proposition that Apple Pay offers consumers? How about merchants?

Profit maximisation rate model, critically analyze the applicability of the...

critically analyze the applicability of the Marris model in the beverage manufacturing company

Illustrate liberalise or open up trade market for promoting, Illustrate lib...

Illustrate liberalise or open up trade in market for promoting development? Liberalise or open up trade implies that: • Abandoning fixed exchange rates and elimination of re

Define the difference between effort and elapsed time, Define the differenc...

Define the difference between effort and elapsed time. What is the importance of this difference for project planning purposes? Effort is the whole volume of work included in a

Why does economic development engage structural change, Why does economic d...

Why does economic development engage structural change? The process of development needs structural change. Usually economies develop by moving resources through agricultural

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