Can less developed countries grow by secondary sector, Business Economics

Assignment Help:

Can economies grow of less developed countries by developing its secondary sector?

Economies grow of less developed countries by developing its secondary sector because manufacturing:

• Commonly has a higher value added than agricultural products and it may bring employ, exports and growth and higher incomes.

• Has higher income elasticity of demand therefore as world income grows demand for manufacturing rises by a big proportion. The opposed is true for agricultural products.

• Fewer prices is volatile as this is not as subject to unforeseen conditions (frost, disease) like agriculture.


Related Discussions:- Can less developed countries grow by secondary sector

Entrepreneurship, what do you call an entrepreneur using someone elses idea...

what do you call an entrepreneur using someone elses ideas to start a business

Describe average in the class so far, On the first exam your score was a 96...

On the first exam your score was a 96%, on the second it was an 89%, and on the third test it was a 79%. The first exam is worth 10% of your grade, the second is worth 19% of your

Explain about theories and models linked to development, Explain about theo...

Explain about theories and models linked to development. • There is no one agreed theory of development. All models, as Rostow, provide an insight in one or two dimensions of t

Act upon of dip recession, There are some examples to government act upon o...

There are some examples to government act upon of dip recession. Number of unemployment last long years in companies and take away labour in order to decreased pressure on expen

Political and economic factors - market reforms, Discuss  the following in ...

Discuss  the following in relation to China's market reforms: (1)  the political and economic factors on the basis of which China decided to undertake market reforms; (2) how

Ppc, rice donation

rice donation

Calculate the market to book ratio, Calculate the market value of your corp...

Calculate the market value of your corporation at the end of the sample period.  Multiply the last price in the sample times the number of shares outstanding at that time.  You can

Online stock trading company, An online stock trading company makes part of...

An online stock trading company makes part of their revenue from clients when the clients trade stocks therefore, it is important to the company to have a good idea of how many tra

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