What is suitable technology, Business Economics

Assignment Help:

What is suitable technology?

Technology is suitable when this employs methods which make the best use of accessible resources that is labour-intensive, straightforward techniques low technology in under developed rural regions.
Conversely, LDCs frequently prefer capital-intensive projects since, although they give less immediate employment, they assure higher rates of growth.

Several LDCs are considered as having a comparative benefit in manufacturing that is labour intensive and needs low capital for example as textiles and canning fruit are suitable technology.


Related Discussions:- What is suitable technology

Define methods used to monitor supplier performance, Define methods which c...

Define methods which can be used to monitor supplier performance. Methods to monitor supplier performance are as follows: a. Approval of designs: The organisation comments o

What is the function of non-government organisations, What is the function ...

What is the function of Non-Government Organisations, within the promotion of development? Advocates argue NGOs (Non-Government Organisations): • Hold DCs accountable for e

Economic systems, the markert is said to be an invisible hand in the econom...

the markert is said to be an invisible hand in the economic system , how

Project atlanta-investment appraisal, a) $130,000   b) Project Atlanta...

a) $130,000   b) Project Atlanta has the shorter payback period Atlanta Boston Payback 1 year and 10 months 2 years an

Explain foreign direct investment, Explain foreign direct investment: ...

Explain foreign direct investment: 1.  Identify and briefly explain three costs of foreign direct investment (FDI) for a country such as China (the home country) and two benef

Gap between theory and practice, Managerial economics bridges the gap betwe...

Managerial economics bridges the gap between economic theory and practice

How to describe business purpose- mission- strategy, I. Describe your compa...

I. Describe your company Relevant history Resources, strengths, weaknesses Purpose, mission (what does your company do for whom) Company brand / position: what m

Inflation expectations, An individual holds B_0 dollars in a saving account...

An individual holds B_0 dollars in a saving accountant at t=0 and earns continuously compounded interest at a nominal rate r. Therefore, the nominal value of his savings at time t

Calculate the new money multiplier, The reserve requirement is 20%. Assumin...

The reserve requirement is 20%. Assuming banks have no desire to hold excess reserves, calculate the money multiplier. Now assume the banks want to hold 20% of their reserves in ad

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