Do you think that, if India imports new and advanced technology from USA, it would
solve the central problem of 'how to produce'?
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India being a developing country usually imports new and advanced technology from USA, which would definitely expand India’s production capacity. However, it cannot solve the central problem of ‘how to produce’ to its full extent, due to unlimited and recurring nature of wants and technology cannot be imported in unlimited quantities.
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Answer:
India being a developing country usually imports new and advanced technology from USA, which would definitely expand India’s production capacity. However, it cannot solve the central problem of ‘how to produce’ to its full extent, due to unlimited and recurring nature of wants and technology cannot be imported in unlimited quantities.
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