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while the burden of adjustment falls disproportionately onto minorities and regions for examples those along with outdated skills which are geographically or occupationally immobile in a specified area of the country.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

Traditional Theory Of Profit Maximization, Do you agree with the traditiona...

Do you agree with the traditional theory that assumes profit maximization as sole objective of a business firm?

Business Units, Make a general comparison analysis of all the business unit...

Make a general comparison analysis of all the business units

What are the reasons for globalisation, What are the reasons for globalisat...

What are the reasons for globalisation? Globalisation is the result of: • Enhancements in communications and transport, • Elimination of trade limits and exchange contro

Bubble burst, Situation: Only a few astute operatives say the crash in rea...

Situation: Only a few astute operatives say the crash in real estate prices as the USA entered the summer of 2007.  You were one of the few that appreciated that real estate price

Can comparative benefit change over time, Can comparative benefit change ov...

Can comparative benefit change over time? Comparative benefit is a dynamic concept. A country can obtain or lose comparative advantage overtime when there is a change within r

How does economic system influence the development process, How does econom...

How does economic system influence the development process? The development experience of free market or capitalist and command as socialist/communist countries is extremely d

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

How do I calculate NPV with benefits and costs?

Is dependency a problem in less developed countries, Is dependency a proble...

Is dependency a problem in Less Developed Countries? Problem: DCs exploit Less Developed Countries by extracting their surplus value. This value becomes the difference among

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