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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

What is capital deepening?

To determine

To write:

The meaning of the term capital deepening.

Explanation

Capital is employed to convert the raw material in to final output. As capital stock rises per capita labor that is capital deepening takes place, it contributes towards increasing la...

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