Why did businessman did not like install new machine?
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businessman did not like to install new machines because of the following reasons
- it it requires a lot of capital (money)
- mostmost of the machines are alike and works similarly but the difference is mainly in its cost and if the businessman will purchase machines of all designs then he will suffer a great loss because he will have to spend all his money in the machinery.
- he will not be able to pay the labours.
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