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Question
Labour-intensive techniques are chosen in a ______.
Options
Labour-surplus economy
Capital-surplus economy
Developed economy
Developing economy
MCQ
Fill in the Blanks
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Solution
Labour-intensive techniques are chosen in a Labour-surplus economy.
Explanation:
Labour-intensive techniques are chosen in a labour-surplus economy because labour is abundant and relatively cheap, making it economical to use more labour and less capital.
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Chapter 1: Introduction - OBJECTIVE QUESTIONS [Page 1.34]
