economic impact of railways
Hypotesis : Economic impact of Railways in India
Railroads, therefore, became an inevitable option for the newly-developing giant in asia. As one of the pioneers in South Asia, india gave the needed performance for building a successful network of railroads and consequently this action has been one major factor in the process of fast economic development. Although former ruler, the great britian had already establish one for the colonial aims, india took reall good advantage of this already-perfected system of cheap and effective method of transportation. The theory explains us how firms gain leadership in the industry . Competitive advantage rests on the notion that cheap labor is ubiquitous and natural resources are not necessary for a good economy. Competitive advantage attempts to correct for this issue by stressing maximizing scale economies in goods and services that garner premium prices. Effective production is based on other complementary functions such as capital amount , cost efficiency and employment capacity . According to the competitive advantage theory, employer must find cheapest resource and employees for effective production . Michael Porter identified competitive advantage in two basic model: one that’s cost advantage and differention advantage . Cost advantage is based on using right resources and produce effectively . this strategy improves with globalization and technological developments so companies builds their plants near resources or find cheap labor to gain cost advantage among other firms in market . so they keep power in hand and shape marketing strategies accordingly . IN most countries the pattern of railway lines is determined by the geography (mountains, rivers, and coastal shape), and also reveals the country’s industrial and political history. Railways in Britain are strongly centred on London, which was the hub of finance and industrial enterprise when most of the main lines were projected in the 1830s and 1840s. The
Railroads, therefore, became an inevitable option for the newly-developing giant in asia. As one of the pioneers in South Asia, india gave the needed performance for building a successful network of railroads and consequently this action has been one major factor in the process of fast economic development. Although former ruler, the great britian had already establish one for the colonial aims, india took reall good advantage of this already-perfected system of cheap and effective method of transportation. The theory explains us how firms gain leadership in the industry . Competitive advantage rests on the notion that cheap labor is ubiquitous and natural resources are not necessary for a good economy. Competitive advantage attempts to correct for this issue by stressing maximizing scale economies in goods and services that garner premium prices. Effective production is based on other complementary functions such as capital amount , cost efficiency and employment capacity . According to the competitive advantage theory, employer must find cheapest resource and employees for effective production . Michael Porter identified competitive advantage in two basic model: one that’s cost advantage and differention advantage . Cost advantage is based on using right resources and produce effectively . this strategy improves with globalization and technological developments so companies builds their plants near resources or find cheap labor to gain cost advantage among other firms in market . so they keep power in hand and shape marketing strategies accordingly . IN most countries the pattern of railway lines is determined by the geography (mountains, rivers, and coastal shape), and also reveals the country’s industrial and political history. Railways in Britain are strongly centred on London, which was the hub of finance and industrial enterprise when most of the main lines were projected in the 1830s and 1840s. The