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Technology
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1 / 249 |
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Heckscher-Ohlin theory believes that the comparative advantage depends on the resources the country has; meaning land, labor, and capital. This is the extent to which Indian software industry goes. They have very good resources and mostly important they have a cheap labor. Engineers do get paid a lot but labor force has a very low income...
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Heckscher-Ohlin theory believes that the comparative advantage depends on the resources the country has; meaning land, labor, and capital. This is the extent to which Indian software industry goes. They have very good resources and mostly important they have a cheap labor. Engineers do get paid a lot but labor force has a very low income...
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