Why does economic development engage structural change, Business Economics

Assignment Help:

Why does economic development engage structural change?

The process of development needs structural change. Usually economies develop by moving resources through agricultural and mining to manufacturing and ultimately in the tertiary as services sector.

For economists as Lewis, economic growth needs structural change into the economy for example, a movement of workers by low value added agricultural sector to higher value added to service and manufacturing sectors.


Related Discussions:- Why does economic development engage structural change

How do institutions influence development, How do institutions influence de...

How do institutions influence development? Institutions development influence: Institutions matter since they give opportunities for people and firms to participate into

Explain the concept price discrimination, QUESTION 1 (a) Explain the co...

QUESTION 1 (a) Explain the concept price discrimination? (b) Discuss the views that price discrimination always operates in the public interest. QUESTION 2 (a) Descr

Socio economic problems, what are the major socio economic problems of Indi...

what are the major socio economic problems of India which hamper the growth and development

Variable input, What is the rational for the optimal use of a variable inpu...

What is the rational for the optimal use of a variable input?

Compute internal rate of return, You are evaluating two (mutually exclusive...

You are evaluating two (mutually exclusive) methods of strip-mining a resource-rich area. The alternatives are very similar, though one important difference is in the scale of the

Explain the theories of convergence, (a) Name three types of government int...

(a) Name three types of government interventions and 3 economic factors affecting the business environment and with given example explain how these affect the business environment.

Scarcity and original cost, define scarcity and opportunity cost? what rol...

define scarcity and opportunity cost? what role these two concepts play in the making of decision making?

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