Explain the central problem of ’choice of technique’?

1.	Explain the central problem of ’choice of technique’?
Answer» Solution :Choice of technique” REFERS to the central problem of "HOW TO PRODUCE‟ that relates to the central issue of which technique of production should be EMPLOYED to produce a GOOD. The problem is to use capital intensive technique or LABOUR intensive technique for the production of goods in the economy.

Discussion