Technological progress in india essays

What about the real wage? Well, continuing to let the marginal productivity theory rule, then notice that:

Technology has an important relationship with human capital. Same technology can be applied in two different firms, but output varies with respect to the labour force of that firm. Adaption to new technology is directly proportional to pace of economic growth of the country. Hence labour should be experienced with the technology. Education also plays an important role as it helps in accumulating human capital which in turn helps technology diffusion. Education also helps a person get acquainted with technology efficiently and rapidly.

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Multimedia resource highlighting book reviews, articles about Ray Kurzweil and the Singularity, downloadable photo archives, access to print and radio interviews.

The observed rise in costs of services may be partly attributed to the so-called ‘ Baumol’s cost disease ‘, which is an important exception from the general regularity that the pay for labor – the wage – reflects the productivity of labor. Baumol’s cost disease describes the phenomenon whereby wages rise in jobs which have experienced little improvements in labor productivity in order to compete with salaries in other sectors.

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technological progress in india essays

Technological progress in india essays

Multimedia resource highlighting book reviews, articles about Ray Kurzweil and the Singularity, downloadable photo archives, access to print and radio interviews.

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technological progress in india essays

Technological progress in india essays

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technological progress in india essays

Technological progress in india essays

Please note that Internet Explorer version is not supported as of January 1, 2016. Please refer to this blog post for more information.

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technological progress in india essays
Technological progress in india essays

Multimedia resource highlighting book reviews, articles about Ray Kurzweil and the Singularity, downloadable photo archives, access to print and radio interviews.

Action Action

Technological progress in india essays

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technological progress in india essays

Technological progress in india essays

Technology has an important relationship with human capital. Same technology can be applied in two different firms, but output varies with respect to the labour force of that firm. Adaption to new technology is directly proportional to pace of economic growth of the country. Hence labour should be experienced with the technology. Education also plays an important role as it helps in accumulating human capital which in turn helps technology diffusion. Education also helps a person get acquainted with technology efficiently and rapidly.

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technological progress in india essays

Technological progress in india essays

Please note that Internet Explorer version is not supported as of January 1, 2016. Please refer to this blog post for more information.

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technological progress in india essays

Technological progress in india essays

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Technological progress in india essays

The observed rise in costs of services may be partly attributed to the so-called ‘ Baumol’s cost disease ‘, which is an important exception from the general regularity that the pay for labor – the wage – reflects the productivity of labor. Baumol’s cost disease describes the phenomenon whereby wages rise in jobs which have experienced little improvements in labor productivity in order to compete with salaries in other sectors.

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Technological progress in india essays

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