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explain central problem 'how to produce' of economic with the help of ppc

Posted by Grv Rathore 5 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Pragati Aggarwal 5 years, 2 months ago

In the central problem how to produce, there is the situation of choice of technique i.e. Capital intensive or labour intensive. In capital intensive technique, by the use of the capital the growth can be done faster but it led to reduce employment for labourers. On the other hand, by the use of the labour intensive technique,the problem of unemployment can be sort out but at a higher cost. Here the growth of economy is slow.

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CBSE > Class 12 > Economics