In Rwanda, around of the people’s profit dependent on their farming. opposite then being ignored, they’re similarly lack of teach and tools in order to maintain quality control during processing. Therefore, Bill Gates planned to give aid by boastful them newer technology; wet milling.
Thus with more technology give, the Rwanda farmers forget able to produce more. When they produce more, in the law of the fork over that is as quantity supplied increases scathe increases and vice versa, thus the turn in leave behind shift to the right. The diagram shows that the quantity supply 1 increases to quantity supply 2. More over, the price of the agricultural goods leave al 1 drop from price 1 to price 2.
Due to the get price and an increase in the quantity supply, it is possible that the aid isn’t actually helping them. With the higher technology, it is possible that the greet of production is even more expensive.
Moreover, on the other way, in the world with a very competitive market it is also possible that they aren’t reservation higher profit. Which means, they will chip poor.
However, looking in another perspective, if the decrease in the price makes their market as one of the cheapest agricultural goods, then they own the market, and thus will gain more profit. In the reason, consumers will buy the agricultural goods with the cheaper price. Thus, as they keep on making profit, this will help them to get out from the Debt trap.
Debt trap is one of the barriers to development. Development is an improvement in quality of life for he majority of the population. As the debt trap Graph showed on non-white color,...If you want to get a full essay, order it on our website: Ordercustompaper.com
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