Choice of techniques
id:
choice-of-techniques-242-3989131
title:
Choice of techniques
text:
The choice of techniques is an area of economics in which the question of the appropriate capital or labour-intensity of the method of production of goods is discussed. In the context of traditional development economics it was often recognised that this choice was central to development strategies and that such choices were inter-twined with decisions over the type of goods to be produced and the scale of operation of an industry.
brand slug:
wiki
category slug:
encyclopedia
description:
Decision in economics of whether to use more machinery or human labour in making goods
original url:
https://en.wikipedia.org/wiki/Choice_of_techniques
date created:
date modified:
2023-12-15T05:13:38Z
main entity:
{"identifier":"Q16957904","url":"https://www.wikidata.org/entity/Q16957904"}
image:
fields total:
13
integrity:
14