n India, the availability of labor is comparatively more than the availability of capital. What method of production India should adopt? a. Labor intensive method b. Capital intensive method c. Labor shortening method d. Capital deepening method
n India, the availability of labor is comparatively more than the availability of capital. What method of production India should adopt? a. Labor intensive method b. Capital intensive method c. Labor shortening method d. Capital deepening method
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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10
In India, the availability of labor is comparatively more than the availability of capital. What method of production India should adopt?
a.
Labor intensive method
b.
Capital intensive method
c.
Labor shortening method
d.
Capital deepening method
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