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What is the problem of how to produce...? |
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Answer» Thank uh all It is central problem • How to produce: - It is the problem of choice of technique of production. There are twotechniques of production.• (a) Labour Intensive Technique: - It is the technique of production when labour isused more than capital.• (b) Capital Intensive Technique: - In this technique capital is used more thanLabour. |
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