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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while the burden of adjustment falls disproportionately onto minorities and regions for examples those along with outdated skills which are geographically or occupationally immobile in a specified area of the country.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.
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
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
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? 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? 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? Less developed countries are similar but diverse in terms of history, institutions, culture and governance and man
cn i get an example of it
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? Institutions development influence: Institutions matter since they give opportunities for people and firms to participate into
FOUR CAUSES OF SLOW OF SOUTH AFRICA ECONOMY
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