what do you mean by structural change?
Answer (1)
1st Mar, 2021
Structural change refers to dramatic shift in the way a country, industry, or market operates, usually brought on by major economic developments.
The key to effect structural change is the dynamism that is inherent in that system.
Structural change is often sparked by technological innovation, new economic developments, global shifts in the pools of capital and labor, changes in resource availability,changes in supply and demand of resources, and changes in the political landscape.
I hope my answer helps. All the very best for your future endeavors!
The key to effect structural change is the dynamism that is inherent in that system.
Structural change is often sparked by technological innovation, new economic developments, global shifts in the pools of capital and labor, changes in resource availability,changes in supply and demand of resources, and changes in the political landscape.
I hope my answer helps. All the very best for your future endeavors!
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