___________ is the systematic changes in sector proportions as economies grow.
A) Structural transformation
B) Technical innovation
C) Developmental devolution
D) Unit-elastic supply

Question

Quizplus · Accepted Answer

Structural transformation refers to the changes in sectoral composition of an economy as it grows and develops. As countries advance economically, they typically experience a shift from agriculture to manufacturing and services. This process can lead to significant social, economic, and environmental consequences, and may accompany other changes such as urbanization and globalization. Technical innovation, developmental devolution and unit-elastic supply are not directly related to changes in sectoral proportions.

___________ Is the Systematic Changes in Sector Proportions as Economies