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Question 1. Asked on :24 August 2019:08:15:44 PM

 Explain the central problem of 'choice of technique' ?

-Added by anjali thakur Economics » Problem Of Choice Of Technique


Master Purushottam
Answers. “Choice of technique” refers to the central problem of "HOW TO PRODUCE‟ that relates to the central issue of which technique of production should be employed to produce a good. The problem is to use capital intensive techniqueor labour intensive technique for theproduction of goodsin the economy.

-Answered by Master Purushottam On 24 August 2019:08:18:33 PM


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