Explain the central problem of ’choice of technique’?

1.	Explain the central problem of ’choice of technique’?
Answer» <html><body><p></p>Solution :Choice of technique” <a href="https://interviewquestions.tuteehub.com/tag/refers-1181652" style="font-weight:bold;" target="_blank" title="Click to know more about REFERS">REFERS</a> to the central problem of "HOW TO PRODUCE‟ that relates to the central issue of which technique of production should be <a href="https://interviewquestions.tuteehub.com/tag/employed-2611124" style="font-weight:bold;" target="_blank" title="Click to know more about EMPLOYED">EMPLOYED</a> to produce a <a href="https://interviewquestions.tuteehub.com/tag/good-1009017" style="font-weight:bold;" target="_blank" title="Click to know more about GOOD">GOOD</a>. The problem is to use capital intensive technique or <a href="https://interviewquestions.tuteehub.com/tag/labour-1065391" style="font-weight:bold;" target="_blank" title="Click to know more about LABOUR">LABOUR</a> intensive technique for the production of goods in the economy.</body></html>

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