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MEASURES TO PROMOTE GROWTH:
In view of the recent global experience, the following steps need be taken to accelerate the rate of growth.
1) Mastering and constantly improving process technology with just-in-time inventory systems, inter-active supplier relationships, total quality management (getting it right the first time to economise on inspection, reworking, retesting and warrantly claims), a production system driven by computer-aided design/manufacture, rapid retooling processes and delivering enhanced product value at the lowered costs which follow economies of scale.
2) Focussing on seven key sectors: microelectronics, biotech, polymers, telecom, robotics and 'smart' machine tools, information technology and civil aviation.
3) Practising economic discipline with a high savings rate to generate capital.
large firms charge the price which is higher than the small firms, contruct the diagram
Review: Full, Anonymous: No Answer each of the following questions using economic theory covered in this lesson. 1. Marginal revenue product is defined as the change in total
if the price of labour is 2000 per hour and the price of capital is 1000 per hour.is there an efficiency point of production.
Summary of Demand and Supply Considerations of Education A study of supply and demand considerations in education helps in understanding four major issues and concerns of an e
plzz help me with my assignment topic given above
ROLE OF INFRASTRUCTURE IN THE ECONOMY: Economic Infrastructure produces services that directly facilitate and are basic to the carrying out of a wide variety of economic activ
I purchase a used stove for $155 when I was willing to pay $185. If a new stove costs $375,what is my consumer surplus
CONCEPT AND MEANING OF INFRASTRUCTURE: Infrastructure sectors are the backbone of a national economy. It has been commonly opined that infrastructure development is closely re
conditions for an abnormal supply curve
Modem theories of trade
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