Home
Class 11
ECONOMICS
A entrepreneur is planning to set up a f...

A entrepreneur is planning to set up a factory in an extremely backward region of India and is thinking about the technique of production to be used for production. Suggest which technique of production should be used for the social uplitment of the region, if there are large number of unemployed people.

Text Solution

Verified by Experts

The entrepreneur should use labour intensive technique as it will reduce unemployment to a large extent and it will raise their standard of living.
Promotional Banner

Topper's Solved these Questions

  • DEMAND AND ITS DETERMINANTS

    SANDEEP GARG|Exercise Model test paper 1|12 Videos
  • DEMAND AND ITS DETERMINANTS

    SANDEEP GARG|Exercise Model test paper 2|12 Videos
  • DEMAND

    SANDEEP GARG|Exercise Unsolved particles|4 Videos
  • ELASTICITY OF DEMAND

    SANDEEP GARG|Exercise Unsolved practicals|79 Videos

Similar Questions

Explore conceptually related problems

India is a labour abundance and capital scarce economy. Which technique of production should be used to produce the commodity?

Which technique can be used for commercial production of seedless cucumber?