Question
The best example of a capital intensive industry in India is
Answer: Option A
Answer: (a)
Capital Intensive Industry refers to that industry that requires a substantial amount of capital for the production of goods. In the Capital Intensive Industries, the proportion of capital involved is much higher than the proportion of labour.
This is because the industrial structure and industry type require high-value investments in capital assets. On the basis of this standard, the iron and steel industry can be termed as a capital intensive industry.
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Answer: (a)
Capital Intensive Industry refers to that industry that requires a substantial amount of capital for the production of goods. In the Capital Intensive Industries, the proportion of capital involved is much higher than the proportion of labour.
This is because the industrial structure and industry type require high-value investments in capital assets. On the basis of this standard, the iron and steel industry can be termed as a capital intensive industry.
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