Choice, Productivity and Capacity Utilization

Industrialization has taken place in many parts of the world as a root to overcome poverty and unemployment. There is a vast disparity of industrial growth and distribution of industrial output which is even larger than the income inequality. There are several dimensions of industrial underdevelopment that effect differently as in many developing countries where the structure of production has not been changed in terms of occupational structure of the labour forces. On the other hand, markets available for the developing countries and structures of the world trade are different in modern times. The production structure and factor mobility is limited in developing countries. Even though alternative means of opportunities and methods of production are large for industries, but real factor utilization rate is limited and hence it is important to assess the productive structure of industries in developing countries.