Labour Intensive Technique would get chosen in a - (1) Labour Surplus Economy (2) Capital Surplus Economy (3) Developed Economy (4) Developing Economy

Labour Intensive Technique would get chosen in a - (1) Labour Surplus Economy (2) Capital Surplus Economy (3) Developed Economy (4) Developing Economy
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(1) Labour Surplus Economy 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 personalized 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.
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Labour Intensive Technique would get chosen in a (1) Labour Surplus Economy (2) Capital Surplus Economy (3) Developed Economy (4) Developing Economy

Description : Labour Intensive Technique would get chosen in a (1) Labour Surplus Economy (2) Capital Surplus Economy (3) Developed Economy (4) Developing Economy

Last Answer : Labour Surplus Economy

If capital is available in large proportion and labour is less then the economy is known as (a) Labour intensive country (b) Capital intensive country. © Both (a) and (b). (d) None of the above.

Description : If capital is available in large proportion and labour is less then the economy is known as (a) Labour intensive country (b) Capital intensive country. © Both (a) and (b). (d) None of the above.

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The self-employed in a developing country who are engaged in small scale labour intensive work belong to the - (1) Informal sector (2) Primary sector (3) Secondary sector (4) Tertiary sector

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Last Answer : (2) Primary sector Explanation: Such a scenario is seen in the case of primary economic activities such as agriculture in the developing countries like India. Most of the primary activities are labour ... volume of man-power substitutes the lack of technology. Besides, farmers are 'self-employed.'

The self-employed in a developing country who are engaged in small scale labour intensive work belong to the (1) Informal sector (2) Primary sector (3) Secondary sector (4) Tertiary sector

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Indian agriculture is typically characterised as - (1) land surplus, labour scarce economy (2) land surplus, labour surplus economy (3) land scarce, labour surplus economy (4) land scarce, labour scarce economy

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Indian agriculture is typically characterised as (1) land surplus, labour scarce economy (2) land surplus, labour surplus economy (3) land scarce, labour surplus economy (4) land scarce, labour scarce economy

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Consider the following statements and identify the right ones. i. COR is relatively low in labour intensive sectors. ii. COR will be high in capital intensive sectors iii. Both iv. None

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The step towards development of an appropriate agricultural technique in india is working towards the motto of saving......... a) labour b) cost c) surplus labour d) all of the above

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Capacity utilisation (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital stock used for current production. (4) rises as the economy moves into a recession, since firms must replace unemployed workers with some other resources to maintain production.

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Large investment is made in fixed assets, the project will be termed as __________. A. Capital Intensive. B. Labour Intensive. C. Product Intensive. D. Market Intensive.

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Which of the following occurs when labour productivity rises? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

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Enterpreneurial ability is a special kind of labour that - (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation

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Economic rent refers to - (1) Payment made for the use of labour (2) Payment made for the use of capital (3) Payment made for the use of organisation (4) Payment made for the use of land

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Description : Which of the following is active factor of production ? a. Labour b. Capital c. Machinery d. All of these

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Description : Quasi-Rent arises from (a) Land (b) Labour (c) Capital (d) Factors whose supply in the short run is inelastic.

Last Answer : (c) Capital

Backward bending supply curve is related to which of the following factors of production ? (a) Labour (b) Capital (c) Land(d) Entrepreneur

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Description : Classical theories believed in ---- theory of value. (a) land (b) labour © capital (d) organization.

Last Answer : (b) labour

According to Absolute and Comparative Advantage theories----- is the only factor of production. (a) land (b) labour © capital (d) organization.

Description : According to Absolute and Comparative Advantage theories----- is the only factor of production. (a) land (b) labour © capital (d) organization.

Last Answer : (b) labour

Which among the following has the least possibility of globalisation ? (1) selection of labour force (2) location of capital works (3) to manage resources for investment (4) increase in infrastructure

Description : Which among the following has the least possibility of globalisation ? (1) selection of labour force (2) location of capital works (3) to manage resources for investment (4) increase in infrastructure

Last Answer : location of capital works

Backward bending supply curve belongs to which market? (1) Capital (2) Labour (3) Money (4) Inventories

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Last Answer : Labour

The sum total of incomes received for the services of labour, land or capital in a country is called : (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Description : The sum total of incomes received for the services of labour, land or capital in a country is called : (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Last Answer :  Gross domestic income

Economics classifies the manmade instrument of production as : (1) organization (2) capital (3) equipment (4) labour

Description : Economics classifies the manmade instrument of production as : (1) organization (2) capital (3) equipment (4) labour

Last Answer : capital

Which of the following occurs when labour productivity rises ? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Description : Which of the following occurs when labour productivity rises ? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Last Answer : The labour demand curve shifts to the right

According to Modern Theory of Rent, rent accrues to (1) capital only (2) any factor (3) labour only (4) land only

Description : According to Modern Theory of Rent, rent accrues to (1) capital only (2) any factor (3) labour only (4) land only

Last Answer : any factor

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Description : The four factors of production are (1) land, labour, capital, organisation, (2) land, electricity, water, labour (3) labour, capital, land, rainfall, (4) labour, climate, land, tools,

Last Answer :  land, labour, capital, organisation,

Enterpreneurial ability is a special kind of labour that (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation

Description : Enterpreneurial ability is a special kind of labour that (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation

Last Answer : organizes the process of production

Economic rent refers to (1) Payment made for the use of labour (2) Payment made for the use of capital (3) Payment made for the use of organisation (4) Payment made for the use of land

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Last Answer : Payment made for the use of land

What are disadvantages of having a surplus in the economy?

Description : What are disadvantages of having a surplus in the economy?

Last Answer : Your perishables rot in the stockyards.

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Description : Which of the following statements concerning monitoring techniques in the intensive care unit are true? A. Pulmonary artery and pulmonary capillary wedge pressure readings should be made ... clinical conditions not associated with tissue hypoxia, including liver disease and hypermetabolic states.

Last Answer : Answer: BD DISCUSSION: Many different monitoring techniques may be used to assess the adequacy of therapy for shock. The pulmonary artery catheter can provide important hemodynamic and oxygen ... also be seen with liver disease, toxin ingestion, and hypermetabolic states not associated with shock