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

Finacial Fiasco Book Review, Can anyone type me a paper on the book financi...

Can anyone type me a paper on the book financial fiasco? I will provide with a link to the book.

What is urbanisation, What is urbanisation? Urbanisation arises while a...

What is urbanisation? Urbanisation arises while an increasing proportion of the population live into cities, suburbs or towns. All cities are attractive to potential migrants s

What are capacity building policies, What are capacity building policies? ...

What are capacity building policies? Capacity building policies: Capacity building is the development and improvement of institutions. And Capacity building policies as

The characteristics of command and market economies, QUESTION (a) What ...

QUESTION (a) What are the characteristics of command and market economies? (b) In a number of countries in recent years, there has been a movement towards a greater reliance

Privitization, why do companies privitise? what is the objectives of privit...

why do companies privitise? what is the objectives of privitisation? what are the advantages and disadvantages of privitisation?

Explain the assumptions of a perfectly competitive market, QUESTION a) ...

QUESTION a) State and explain the assumptions of a perfectly competitive market. b) Analyse the effects on the firm's profit and output of an increase in demand in the short

How can the savings gap be plugged, How can the savings gap be plugged? ...

How can the savings gap be plugged? Low savings are a barrier type to growth. All developing countries have low incomes therefore low savings. A savings gap can be met through

Evaluate Perfect Competition, Evaluation of perfect competition arguing the...

Evaluation of perfect competition arguing the effect on stakeholders, priorities and SR/LR

Define inflation and explain its causes, QUESTION (a) In several countr...

QUESTION (a) In several countries recently, many people have become unemployed. Analyse the different types of unemployment in an economy. (b) Define inflation and explain i

What do you understand by the term "anthropometry"?, QUESTION 1 (a) Wha...

QUESTION 1 (a) What, according to you, are the ergonomic problems associated with the use of visual display units? Describe the measures which can be taken to eliminate these p

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