Sino-American Relations, Volume 21Institute of Sino-American Relations, College of Chinese Culture, 1995 - China |
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Page 20
[ 9 ] The allocative efficiency of the market operates through signals given by prices of goods in relation to costs of production . In operates when labour , management and capital are freely transferable between alternative uses .
[ 9 ] The allocative efficiency of the market operates through signals given by prices of goods in relation to costs of production . In operates when labour , management and capital are freely transferable between alternative uses .
Page 7
least competitive products by increasing overseas investment , speeding up automation , restructuring export composition away from labor - intensive goods , promoting the production of high value - added products , and employing ...
least competitive products by increasing overseas investment , speeding up automation , restructuring export composition away from labor - intensive goods , promoting the production of high value - added products , and employing ...
Page 8
enabling the manufacturers to produce more with less labor employment , i . e . , a gain in productivity . ... By turning to labor - saving methods of production , Taiwan manufacturers shifted their traditional labor - intensive ...
enabling the manufacturers to produce more with less labor employment , i . e . , a gain in productivity . ... By turning to labor - saving methods of production , Taiwan manufacturers shifted their traditional labor - intensive ...
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