Qualification > Commerce

ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!

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hmh:
Ur welcome :)

Name:

--- Quote from: Freaked12 on June 07, 2009, 09:12:28 pm ---hey HMH,al noor co i have a question

As countries develop they often rely less on exports of agricultural products and more on the exports from other sectors. Discuss the possible benefits of this.

Please answer

--- End quote ---

hey, im reading answers, and all you guys are writing mostly on HOW they become more developed! im gna try answering this qs :)

benifits:
- less primary product dependency which are price elastic, meaning that increasing the supplies would lead to a lower revenue, so depend on them less would mean country is not vulnerable to a great loss in its GDP because of the elasticity of primary products
- developing other sectors of the economy bring in income which is less vulnerable to change, because they need more qualifications and skills than the primary sector. they are more reliable
- climate conditions do not affect the secondary or primary sector, so output is less affected than through agriculture
 thats all i can think of  :-\

also someone said "Now, these economy deindustrialises.. means less of secondary and primary sector because these people have more incomes to spend on luxury goods and services so the demand and supply for tertiary sector increases." i dont know who though but i dont think thats necessarily true because "luxury goods" are also in the manufacturing sector not only in the tertiary sector. for example, cars, houses, flat screen TVs  8)


i have a question thats not from a past paper though, when they ask you "is there enough evidence" do u also argue both sides ( like there is evidence to suggest that...but also...), or do you just say, yes there is enough evidence, no there isnt... HELP!!!

hmh:
Hey there.. i wrote tht abt deindustrilisation.. and the luxury goods.. yea the luxury goods was a mistake as an example.. thanks for correction!.

Abt ur question abt evidence.. ususally its not enough to conclude an answer.. so we always argue tht wat is the source of the evidence provided.. is it relative? trusted? biased? thts the main point to argue.. then u can look at the case study and argue other points mentioned.. and in end u have to give a conclusion abt what u think.

Hope tht helps :)

Name:
ur welcome its nothing  :-\

yah this is great, and i didnt know you could talk about the "source" of the extract thats amazing. like history :o

one more thing can you tell me about public expenditure vs private expenditure?

and is expenditure the same as investment?

thanks again :)

hmh:

--- Quote from: Name on June 08, 2009, 10:56:23 am ---ur welcome its nothing  :-\

yah this is great, and i didnt know you could talk about the "source" of the extract thats amazing. like history :o

one more thing can you tell me about public expenditure vs private expenditure?

and is expenditure the same as investment?

thanks again :)

--- End quote ---

Basically, Public expenditure/ investment is done by Government as ususally on things which the whole economy can benefit from. For example, improving country's infrastructure, investing into health and services for the betterment and increase rate of health and age in economy. Private sector is opposite, in means of its done by private sector of the economy, usually on things for itself... like for the advances of new technology, research and development, anything tht leads to profit, As profit is main objective of private sector.

Expenditure/ Investment.. hope u understood is they r same or not ;)

Hope it helped :)

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