SawaalBoxसवाल बॉक्स

The substitution of steel for wooden ploughs in agricultural production is an example of

  1. (a)labour-augmenting technological progress
  2. (b)capital-augmenting technological progress
  3. (c)capital-reducing technological progress
  4. (d)None of the above
Show answerHide answer

Official answer(b) capital-augmenting technological progress