Labour Intensive Technique would get chosen in a



[ A ]    Capital Surplus Economy
[ B ]    Labour Surplus Economy right
[ C ]    Developed Economy
[ D ]    Developing Economy
Answer : Option B
Explanation :
'Labour' refers to the people required to carry out a process in a business. Labour-intensive processes are those that require a relatively high level of labour compared to capital investment. These processes are more likely to be used to produce individual or personalised products, or to produce on a small scale. The costs of labour are: wages and other benefits, recruitment, training and so on. Labour intensive processes are more likely to be seen in Job production and in smaller-scale enterprises.
General Economy Questions and Answers for competitive exams

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