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How to produce is a complex …

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How to produce is a complex problem for less developed countries like India ?explain how

Posted by Shahbad Singh 8 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Shivani Gautam 8 years, 2 months ago

How to produce means using which techiques production should be done .It means through capital intensive or labour intensive. It is a complex problem for less developed countries like India because unemployment in India is more so it is hard to decide that which technique government should use to produce . Labour intensive absorbs more labour hence it will reduce the problem of unemployment but it is low in efficiency while on the other hand capital intensive is high in efficiency but low in labour absorption hence it will create unemployment.

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