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Labour Intensive Technique would get chosen in a
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- Labour Surplus Economy
- Capital Surplus Economy
- Developed Economy
- Developing Economy
- Labour Surplus Economy
Correct Option: A
‘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.