Question

explain the central problem of choice of the technique​

Answer 1

Answer:

• the central problem concerned with the choice of technique of production. In a developing country like India, there is always a choice between labour intensive technology and capital intensive technology.

Answer 2

Answer:

Central problem of choice of technique refers to the problem of how to produce. Every society has to decide on how much of which of the resources to use in the production of each of the different goods and services. Whether to use more labour or more machines.