Business Studies, asked by moni2093, 1 year ago

Distinguish between capital intensive and labour intensive techniques of production

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Answered by OJASWI
5

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Labour-intensive or Capital-intensive production. It is important to distinguish between capital-intensive and labour-intensive methods of production. 'Capital' refers to the equipment, machinery, vehicles and so on that a business uses to make its product or service.

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Answered by Anonymous
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