MICROECONOMIC POLICY TOOLS TO INCREASE COMPETITIVENESSBy Student s NamePresented to TutorCourse Code , Semester , ClassUniversity name5 July 2010IntroductionIn resolution to unbalanced growth in the thrift , structural combine is inevitable . The unbalanced growth produces winners and losers and consequently wide gaps in income and wealth distribution . Structural change is the process of adjusting an economic system in response to growth (Archbold 2001 . microeconomic policy is the applications political program of the principles of microeconomic theory by the governing in rescript to accelerate growth through structural change (Archbold 2001 microeconomic policies involve measures to improve efficiency in operation of organizations and markets in order to influence aggregate supply levels . Although microeconomic policies be mainly aimed at increasing cost-efficient use of resources , the policies in like manner focuses on income and wealth distribution (Bell 1993DiscussionThe government has a role to play in ensuring that its policies achieve what is economically and socially healthy for everyone in the country .
The government has in the recent geezerhood shifted its focus towards microeconomic reforms . This is as a result of the recognition that most economic problems are caused by structural factors mutinous by macro-economic policies . The government identified want of competitiveness by local producers and high levels o f structural unemployment caused by supply ! location factors as major problems to be tackled . To channelise this issues the government has shifted its policies on lifting productivity , improving flexibility and promoting efficient production from on hand(predicate) resources (Archbold 2001One of the microeconomic policy tools that the...If you want to bring in a effective essay, order it on our website:
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