Sail E0 Webinar
Question
Labour Intensive Technique would get chosen in a
Options:
A .  Developing Economy
B .  Labour Surplus Economy
C .  Capital Surplus Economy
D .  Developed Economy
Answer: Option B
Answer: (b)
‘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.

Was this answer helpful ?
Next Question

Submit Solution

Your email address will not be published. Required fields are marked *

Latest Videos

Latest Test Papers