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(1) Firstly, consider the changes in employment by sector over the period charted in the figure (1850 - 2000). What factors do you think contributed to the reduction in employment in both agriculture and manufacturing?
Ans: There are many factors including availability of resources, stable government or necessity. But two factors should be considered more closely. These are: automation (technology or the application of 'know how') and management. Generally little changes by itself. There must be a motive force and that force is attributed to management. The result of these factors has been a dramatic rise in productivity.
Can anyone give me an example of a preference matrix?
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