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Question : A labour-intensive technique would be chosen in a:

Option 1: labour-surplus economy

Option 2: capital-surplus economy

Option 3: developed economy

Option 4: developing economy


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 10th Jan, 2024

Correct Answer: labour-surplus economy


Solution : The correct answer is the labour-surplus economy .

When there is a labour surplus, labour-intensive techniques are preferred, and when there is a capital surplus, capital-intensive techniques are preferred. Techniques that are labour-intensive use relatively more labour and less capital. With this method, more labour and less capital are needed during the production process.

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