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What are the restrictions of Lewis?
The restrictions of Lewis:
• Assumes complete employment in urban regions. Evidence recommend otherwise
• Raised profits may be invested into labour saving capital quite than taking on newly arrived employees
• For many LDCs (Less Developed Countries), rural urban migration levels have been far larger than the formal industrial sector is capability to give jobs. Urban poverty has replaced rural poverty. Newly arrived rural migrants join the informal economy and live into shantytowns.
what are the major socio economic problems of India which hamper the growth and development
essay on Localization of Industries
1. A monopolist faces the industry demand Q=400-0.5 p and has constant marginal costs of 8, with no fixed costs. a) What is the monopoly price? What is the monopoly quantity?
state the demand theory.
1. Imagine that two countries, Richland and Poorland can produce just two goods, computers and coal. Assume that for a given amount of land and capital, the output of these two pro
QUESTION (a) With reference to price elasticity of demand, discuss and illustrate the effects on government revenue of increasing value added tax on goods and services. (b)
QUESTION 1 (a) What, according to you, are the ergonomic problems associated with the use of visual display units? Describe the measures which can be taken to eliminate these p
QUESTION 1 (a) What are the objectives and instruments of monetary policy? (b) "With financial liberalisation, there is a need to shift from direct instruments to indirect m
Create the scatter graph of the monthly return on your corporation (on the vertical axis) versus the monthly return on the S&P 500 (on the horizontal axis)--so there should be 60 d
why does the quantity of salt demanded tend to be unresponsive to changes in its price?
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