निर्माणक्षेट्र इसके अंग्रेजी अर्थ का उदाहरण

He continued to work in the construction field, and financed his college education by this (along with student loans).

निर्माणक्षेट्र इसके अंग्रेजी अर्थ का उदाहरण

These workers are attracted to the growing manufacturing sector where higher wages are offered.

It also assumes that the wages in the manufacturing sector are more or less fixed.

Entrepreneurs in the manufacturing sector make profit because they charge a price above the fixed wage rate.

An advanced manufacturing sector means an economy has moved from a traditional to an industrialized one.

In contrast, the capitalist manufacturing sector is defined by higher wage rates as compared to the subsistence sector, higher marginal productivity, and a demand for more workers.

Also, the capitalist sector is assumed to use a production process that is capital intensive, so investment and capital formation in the manufacturing sector are possible over time as capitalists' profits are reinvested in the capital stock.

Improvement in the marginal productivity of labour in the agricultural sector is assumed to be a low priority as the hypothetical developing nation's investment is going towards the physical capital stock in the manufacturing sector.

) Therefore, due to the wage differential between the capitalist and subsistence sector, workers will tend to transition from the agricultural to the manufacturing sector over time to reap the reward of higher wages.

Total agricultural product will remain unchanged while total industrial product increases due to the addition of labour, but the additional labour also drives down marginal productivity and wages in the manufacturing sector.

Over time as this transition continues to take place and investment results in increases in the capital stock, the marginal productivity of workers in the manufacturing will be driven up by capital formation and driven down by additional workers entering the manufacturing sector.

Eventually, the wage rates of the agricultural and manufacturing sectors will equalize as workers leave the agriculture sector for the manufacturing sector, increasing marginal productivity and wages in agriculture whilst driving down productivity and wages in manufacturing.

The end result of this transition process is that the agricultural wage equals the manufacturing wage, the agricultural marginal product of labour equals the manufacturing marginal product of labour, and no further manufacturing sector enlargement takes place as workers no longer have a monetary incentive to transition.

Working primarily in the heavy manufacturing sector, these immigrants settled their tightly-knit community due to its close proximity to the steel mills and day-labor jobs where they worked.