Economics · Production and Technology
Which of the following statements regarding production technology types is conceptually correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1None of the above
- 2Labour-intensive technology is capital saving.✓
- 3Labour-intensive technology is capital using.
- 4Capital-intensive technology is labour using.
Correct answer
Labour-intensive technology is capital saving.
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