a) As economy develops‚ the relative importance of different sectors of production changes. Explain‚ with examples‚ why the pattern of employment might change as an economy develops.(12) Ways to develop in advanced and backward countries--result of such development How the employment pattern changes throughout the development Education lead to a growth in service sector A development of an economy‚ for developed countries‚ may mainly rely on technological innovation‚ and for developing countries;
Premium Human Development Index Industry Developed country
Current Issues in the Global Economy Comparative analysis: Vietnam & China [pic] 11th of August‚ 2009 Introduction Chapter 1 With its booming economy‚ huge manufacturing base‚ enormous supply of natural resources‚ and expanding consumer spending‚ it’s no surprise that China is high on the agenda for businesses around the world. More than 90 percent of multinational companies say that China is important to their global strategies‚ with 52 percent calling it critical
Premium Vietnam Investment Economy
Discuss the extent to which economic growth may benefit the economy. (18) Economics growth is‚ it the short run an increase in real GDP and in the long run an increase in the productive capacity of an economy (the maximum output that the economy can produce). GDP stands for Gross Domestic Product which is the country’s production of goods and services valued at market price in a given time period. Real GDP is when these figures are corrected for inflation using a base year (The UK uses 2003 as
Premium Economics Economic growth Gross domestic product
In this document of ECO 203 Week 5 DQ 2 Economies in Transition you will find the next information: The movement in the direction of a market-based system with freely determined prices‚ competition‚ profits‚ private ownership‚ and other features of capitalism is not simple. Discuss some of the challenges associated with an economy transitioning from socialism to capitalism. Economics - General Economics Economies in Transition. The movement in the direction of a market-based system
Premium Economies Capitalism Economic system
Geography Past Paper Question: June 10 * Discuss the impact of Newly Industrialised countries (NICs) on the global economy. The NICs originally attracted a lot of inward investment such as FDI from TNC’s which originated from MEDCs. The reasons were that NICs had a large labour force which worked for cheap wages. They also had cheap land‚ friendly govt legislations‚ cheap available raw materials and reduced import and export tariffs. The manufacturing industry was first to move and so the NICs
Premium Developed country Emerging markets Country classifications
Research Paper Role of Education in Women Empowerment with special reference to the Economy of Assam NAZRUL ISLAM Asstt. Professor & HoD‚ Economics‚ Dalgoma Anchalik College‚ Matia‚ Goalpara -783125 (Assam) ABSTRACT: Women’s contribution to the economy of Assam cannot be ignored. From household activities to economic activities out of the household have been performed successfully by the women of Assam. Women constitute almost half of the population in the state; though a large
Premium Madrasah Economy Gender equality
Trends in Indian Economy- An impact of FDI in various sectors. Submitted To: Dr. Yamini Karmarkar Submitted By: Ajay Gulani “Recent Trends in Indian Economy- An impact of FDI in various sectors” INDEX Abstract Introduction Research Question and Objective Literature Review Research Methodology Expected Outcome Bibliography ABSTRACT FOREIGN DIRECT INVESTMENT is an important catalyst for accelerating Indian economy. The productivity
Premium Investment Economics Economy
GFPP 3413 Analysis political and economy risk Preface. Analysis risk political and economy are one the field in social political economy. To understand what is the analysis political and economy risk‚ first we must know what its mean. First is Risk‚ generally risk mean human and organization had to face risk and must make decision. All the decision made‚ have its own effect. Actually the word ‘ risk’ are come from the French word ‘ Risque’. It mean that if we cannot ventured nothing‚ we cannot
Premium Risk Communism Economic system
United States Economy Changes in the structure of global production and trade have been difficult for certain sectors of the U.S. economy. As other countries have developed new manufacturing capacities‚ the lower wages of workers in those countries have given them a cost advantage relative to manufacturing in the United States. This has led to a steady increase in U.S. imports of manufactured goods that are cheaper than equivalent domestic goods. It has also prompted a number of U.S. companies
Free Economy of the United States United States Capitalism
Defining Capitalism and Command Economies of Economics “Economics is the study of how wealth is created and distributed” which‚ includes “the products produced and sold by business” (Pride‚ Hughes‚ & Kapoor‚ 2011‚ p. 10). When studied‚ it is the science or the financial considerations of the buying‚ selling‚ and the production of goods and services that are consumed by our world and its people. There are two different perspectives when studying economics. Microeconomics and macroeconomics
Premium