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How automobile industry is good example of capital augmenting technical progress?
Wiki User
∙ 11y ago
Two major signals of economic growth are home sales and automobile sales. The automobile industry takes advantage of technology in each new car model on the market and this tends to account for a significant portion of economic growth.
Wiki User
∙ 11y ago
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What are the causes of industrial backwardness of Pakistan?
industrial backwardness of pakistan(I) Industrial Policies of Different GovernmentsWhen new government takes over it disposes of all policies of previous government. Due to this our country faces great problems and causes lack of progress.(II) Decrease in the CapitalEvery industry wants a large number of capitals but due to lack of capital industry will not progress.(III) Limited MarketsLimited markets are also the cause of lack of industrial progress.(IV) Decreases in the Productive Capabilities of the LabourWhen labour will works hard then any industry makes progress and production will also improve and increase. If labour will not work then industry will deteriorate.(V) Lack of Means of Transportation and CommunicationCommunication plays an important and vital role in industry's progress. If communication system is in disorder then our product is out of order. That's why lack of communication and transportation also causes the industry failure.(VI) Expensive MeansExpensive means of transportation and communication.(VII) Lack of Technical KnowledgeIf workers are not technical minded then our industry will not progress. Lack of our technical workers is the downfall of our industries.(VIII) Shortage of EntrepreneursBecause of shortage of entrepreneurs industry will not progress.(IX) Lack of EducationLack of political coordination and political stability is the cause of industry's failure.(X) Non-Availibility of ElectricityNon-Availibility of Electricity in many regions.(XI) Common Load SheddingElectricity plays an important role in Pakistan's progress. Pakistan is not self sufficient in electricity that's why common load shedding also causes failure in industry's progress.(XII) Economic Restrictions Imposed by Other CountriesAn economic restriction imposed by other countries also causes failure of industry's progress.(XIII) Lack of Effective Exploration of the World MarketLack of effective exploration of the world market also causes failure of industry's progress.
What needed prompted the automobile?
To get somewhere faster, and the need to progress.
Sentence in stationary?
The stationary object halted the forward progress of the automobile.
What has the author Lloyd Fortt written?
Lloyd Fortt has written several books on leadership and personal development, including "The Will to Win: 25 True Stories of Great Success" and "The Power of Patience: How to Slow the Rush and Enjoy More Happiness, Success, and Peace." He is known for sharing inspiring stories and practical advice to help readers achieve their goals.
Name the significant persons who contributed in the technical progress of computer and their contributions.?
Konrad Zuse
To what extent has technical progress altered the shape of the production function?
Technical progress has significantly altered the shape of the production function by allowing for increased output with the same or fewer inputs. It has shifted the production function upward, leading to higher productivity and efficiency in the production process. Additionally, technical progress has enabled the introduction of new ways to combine inputs, leading to new shapes and forms of production functions.
What did the four modernizations call for?
Progress in agriculture, industry, defense, and science and technogy
What is the motto of City of Bradford?
City of Bradford's motto is 'Progress-Industry-Humanity'.
What has the author FINLEY M I written?
FINLEY M I has written: 'TECHNICAL INNOVATION AND ECONOMIC PROGRESS IN THE ANCIENT WORLD'
What has the author T Datta Chaudhuri written?
T. Datta Chaudhuri has written: 'Technical progress and structural change'
Why is technical information presented in forms?
The format for technical information has been decided by the manufacturer, constructor or legislative body. They have used the format that may be most suitable for the given task. Progress has made it difficult to standardise all technical data.
What has the author Gianluca Femminis written?
Gianluca Femminis has written: 'Exogenous and endogenous technical progress in the perpetual youth model'
