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What are factor endowment implications?
Implications of factor endowment:
• Less Developed Countries to specialise and export labour intensive goods, agriculture or commodities. Conversely labour intensive goods have low value added therefore low wages while agriculture goods have low YED and PED
• Enhancing the productivity of factor inputs by better knowledge, skill and training generates growth thus development.
my fgeind lewis wants ro know about hard and soft hr and whats good and whats bad about it so cabn u answer pelase
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