What are factor endowment implications, Business Economics

Assignment Help:

What are factor endowment implications?

Implications of factor endowment:

• Less Developed Countries to specialise and export labour intensive goods, agriculture or commodities. Conversely labour intensive goods have low value added therefore low wages while agriculture goods have low YED and PED

• Enhancing the productivity of factor inputs by better knowledge, skill and training generates growth thus development.


Related Discussions:- What are factor endowment implications

Managerial Economics, What are some of the changes taking place in the inte...

What are some of the changes taking place in the international business environment? How do changes in the international business environment affect pricing, output, cost and profi

Shares, How to record shares for a company for a project

How to record shares for a company for a project

list the combinations of drinks and bar, You can buy as many drinks as you...

You can buy as many drinks as you want at $1 each. You can also buy as many chocolate bars as you want at $2 each. You have $5 to spend. You must buy whole bars and drinks, that is

Calculate the price - earnings ratio, Yanni works for Woolworths Limited (W...

Yanni works for Woolworths Limited (WOW) and owns 5,000 Woolworths shares that he received in lieu of a bonus five years ago. Woolworths has reported an NPAT of $1.294 billion and

What is employment and unemployment, What is Employment and Unemployment? ...

What is Employment and Unemployment? Employment and Unemployment: Employment: It is the number of people working within the economy. Unemployment: It is the nu

Price elasticity of demand, QUESTION 1 (a) Explain the relationship bet...

QUESTION 1 (a) Explain the relationship between scarcity, choice and opportunity cost. (b) How is choice about the use of scarce resources made in a market economy? QUES

What is the lewis model, What is the Lewis Model? The Lewis Model argue...

What is the Lewis Model? The Lewis Model argues economic growth needs structural change into the economy whereby surplus labour within traditional agricultural sector along wit

Request for information and request for proposal, (a) Give basic criteria ...

(a) Give basic criteria for selecting an outsourcing supplier. (b) What do you understand by Request for Information and Request for Proposal (RFP)? (c) List down question

How is staff experience affected to an is project, How is staff experience ...

How is staff experience affected to an IS project? Staff experience: Into IS, the productivity of people, particularly developers, can vary extensively, largely but not c

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