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

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 10P

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In India, the availability of labor is comparatively more than the availability of capital. What method of production India should adopt?

Labor intensive method

Capital intensive method

Labor shortening method

Capital deepening method

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