How does resource enhancement improve development, Business Economics

Assignment Help:

How does resource enhancement improve development?

Enhancements in the quantity and quality of resources increases productivity hence incomes. Enhanced management raises output from specified inputs:

• Production or output is the value of output (Q)

• Productivity or average product (AP) is output person which is output divided with number of employees AP= Q/L. Labour Productivity can be demonstrated as output per worker or output per hour worked.

Countries along with above average productivity have lower unit costs and a competitive benefit over countries along with low productivity.


Related Discussions:- How does resource enhancement improve development

Development through resource transfer - low income countries, DEVELOPMENT T...

DEVELOPMENT THROUGH RESOURCE TRANSFER is explained below The chief idea here was that (as mentioned previous) poor countries suffered from the savings and foreign exchange gaps

Define the velocity of circulation of money, QUESTION (a) (i) Define th...

QUESTION (a) (i) Define the velocity of circulation of money. (ii) By comparing the Fischer's Quantity Theory of money and Keyne's Liquidity Preference Framework, explain cl

Is the washington consensus actually a consensus, Is the Washington Consens...

Is the Washington Consensus actually a consensus? The Washington agreement thinking dominates development thinking in the developed world but is challenged through less develo

Define balance of payments in international capital flows, Define the balan...

Define the balance of payments problem in international capital flows. Balance of payments (BoP): It inflows capital as like: • Foreign direct investment (FDI) into machiner

Help, Ask quethe monthly revenue of a certain comany is given by R=820p-7^2...

Ask quethe monthly revenue of a certain comany is given by R=820p-7^2p,where p is the price in dollars of the product the company manufacturers. at what price will the revenue be $

What are rural and urban sectors, What are rural and urban sectors? ...

What are rural and urban sectors? Rural and urban sectors: • Rural sector consider as countryside. 60 to 70 percent of LDC (Less Developed County) population live into r

Code 202, A businessman invested $ 4000.00 as his fixed cost in a new ventu...

A businessman invested $ 4000.00 as his fixed cost in a new venture that produces batteries. Each of these batteries cost $150.00 to manufacture and he sells each battery for $180.

Differentiate configuration management and change control, Define the diffe...

Define the difference between configuration management and change control and the relationship among them. Change control is the management of the project scope. Configuration

Anti-dilution protection, Suppose that EBV makes a $6m Series A investment ...

Suppose that EBV makes a $6m Series A investment in Newco for 1m shares at $6 per share. One year later, Newco has fallen on hard times, and receives a $6m Series B financing from

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