Why does economic development engage structural change, Business Economics

Assignment Help:

Why does economic development engage structural change?

The process of development needs structural change. Usually economies develop by moving resources through agricultural and mining to manufacturing and ultimately in the tertiary as services sector.

For economists as Lewis, economic growth needs structural change into the economy for example, a movement of workers by low value added agricultural sector to higher value added to service and manufacturing sectors.


Related Discussions:- Why does economic development engage structural change

Market analysis, The Australian government administers two programs that af...

The Australian government administers two programs that affect the market for cigarettes. First, media campaigns and labelling requirements aimed at making public aware of the dan

What are the limits of national income statistics, What are the limits of n...

What are the limits of national income (NY) statistics in measuring development within a country? National income statistics simply show changes in GDP (Gross Domestic Product)

Long currency strangle, Speculating with Long Currency Strangle: A lon...

Speculating with Long Currency Strangle: A long currency strangle involves buying both a call option and a put option for a particular foreign currency with the same expiratio

The likely effects of a recession on a government's budget, QUESTION ...

QUESTION Explain the relationship between scarcity, choice and opportunity cost. "In a capitalistic system, Consumer Sovereignty is the key". Explain and discuss this sta

RAILWAY ECONONOMIS, EVALUATING THE IMPLICATION OF IMPLIMENTING PRODUCT MIX ...

EVALUATING THE IMPLICATION OF IMPLIMENTING PRODUCT MIX FOR FREIGHT RAILWAYS

Surplus procedures, Consider a market for a good where there is a per unit ...

Consider a market for a good where there is a per unit tax set at t cents per unit sold, where the demand curve slopes downward and where supply is perfectly inelastic. Suppose the

Entrepreneurship, what do you call an entrepreneur using someone elses idea...

what do you call an entrepreneur using someone elses ideas to start a business

Explain about the term underemployment and unemployment rate, Explain about...

Explain about the term underemployment and unemployment rate. Discouraged employees are non-working people who are able of working although are not actively in search of a job.

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