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while the burden of adjustment falls disproportionately onto minorities and regions for examples those along with outdated skills which are geographically or occupationally immobile in a specified area of the country.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

How can trade agreements assist development, How can trade agreements assis...

How can trade agreements assist development? A trade agreement is while two or more countries to by decrease or abolish tariffs, non-trade and quotas barriers which are establ

Who will sell and buy permits, There are three industrial firms in a quaint...

There are three industrial firms in a quaint town of South Orange where the municipal government wants to reduce pollution to 120 units from uncontrolled level of 210 units. Three

gnp rises, If nominal GNP enhances at a rate of 10 per cent per year where...

If nominal GNP enhances at a rate of 10 per cent per year whereas the GNP deflator enhances at 8 per cent per year then show how much real GNP rises. Explain?

Does the structure of the population issue, Does the structure of the popul...

Does the structure of the population issue? Dependents into an economy, children as well as old people are assists by the economically active. Dependency ratio uses to measure

How can be comparative advantage improved, How can be comparative advantage...

How can be comparative advantage improved? Comparative advantage can be gained or improved through: • Investment during the education and also in training • Investment wi

Do policies that work in one country always work in another, Do policies th...

Do policies that work in one country always work in another? Less developed countries are similar but diverse in terms of history, institutions, culture and governance and man

Why do countries trade, Why do countries trade? International trade is...

Why do countries trade? International trade is the swap of goods and services among countries. Trade enhances consumer choice and complete welfare. Various countries have v

How do institutions influence development, How do institutions influence de...

How do institutions influence development? Institutions development influence: Institutions matter since they give opportunities for people and firms to participate into

BUSINESS CYCLES, FOUR CAUSES OF SLOW OF SOUTH AFRICA ECONOMY

FOUR CAUSES OF SLOW OF SOUTH AFRICA ECONOMY

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