Economics · Technical Progress Theories
Match LIST-I with LIST-II: LIST-I (Concept of Technical Progress) A. Disembodied Technical Progress B. Embodied Technical Progress C. Endogenous Technical Progress D. Harrod-Neutral Technical Progress LIST-II (Key Characteristic) I. Technical progress strictly embedded in new capital goods or machinery II. Labour-augmenting technical progress acting as an increase in effective labour III. Uniform improvements in management practices not requiring new capital equipment IV. Technical progress generated internally through investments in R&D and human capital Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-I, B-III, C-II, D-IV
- 2A-III, B-I, C-IV, D-II✓
- 3A-III, B-IV, C-II, D-I
- 4A-IV, B-II, C-III, D-I
Correct answer
A-III, B-I, C-IV, D-II
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