Is structural change a problem, Business Economics

Assignment Help:

Is structural change a problem?

Economies are dynamic and adapt to meet evolving consumer wants needs. This means resources are moved from use to use in response to, say, changes in relative price.

The procedure of development needs radical structural change. Classically economies develop through moving resources through agricultural and mining to manufacturing and ultimately in the tertiary services sector.

Structural change becomes a problem while the burden of adjustment falls disproportionately onto minorities and regions for examples those along with outdated skills which are geographically or occupationally immobile in a specified area of the country. The resultant raised income inequality and social keeping out threatens social cohesion as into Russia.


Related Discussions:- Is structural change a problem

Theory of supply, i want information about the theory of supply

i want information about the theory of supply

Explain the effects of a minimum wage, Problem 1: (a) Suppose the gover...

Problem 1: (a) Suppose the government decides to implement a minimum wage to help low-income workers. How will the minimum wage affect the demand for labor and what does this i

Elasticity of demand, Question #1 A baseball team is trying to predict tick...

Question #1 A baseball team is trying to predict ticket sales for the upcoming season. They are also considering increasing prices. The market has a population of 2 million persons

What is the function of multinational companies, What is the function of mu...

What is the function of multinational companies into the promotion of development? A multinational or transnational (TNCs) company operates within two or more countries across

What is social cohesion, What is social cohesion? Social cohesion: ...

What is social cohesion? Social cohesion: Social cohesion is regarding how united, cooperative, connected and trustful a society is. This cohesion desires tolerance for c

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

Capitation, example of an HMO with these types of set rates

example of an HMO with these types of set rates

Define business environment, Problem: (a) Define ‘Business Environment'...

Problem: (a) Define ‘Business Environment'. (b) Briefly distinguish between internal and external environments of business. (c) Discuss on the key components of the gener

Jobs, How much power or influence does a U.S. President versus a company CE...

How much power or influence does a U.S. President versus a company CEO actually have in a free enterprise system, when it comes to producing jobs or the decision to manufacture co

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