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Why are economies developed of less developed countries by growing its secondary sector?
Economies cannot grow of less developed countries by developing its secondary sector since industrialisation may:
• As well bring raised negative externalities and also disrupt societies
• Unsuitable technology adopted for example steel works
• Capital-intensive industrialisation which replaces labour may attain growth but raise unemployment, inequality and poverty.
Australia has emerged from the Global Finance Crisis (GFC) as "the strongest economy in the developed world" (Editorial, The Australian, 11 December 2009). The economic editor of T
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#question.discuss the contention that the existance of a labour market is characterised by perfect competition is a fallacy.
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