Asked by Story Kremin on Jun 10, 2024
Verified
The process of adding more capital per worker is called capital deepening.
Capital Deepening
The increase in the amount of capital per worker, leading to higher productivity and possibly higher wages.
- Explain the notion of capital deepening and its significance in enhancing productivity.
Verified Answer
ZK
Zybrea KnightJun 15, 2024
Final Answer :
True
Explanation :
Capital deepening refers to the process of increasing the amount of capital available per worker. It can be achieved by increasing investment in machinery, equipment, and other productive resources.
Learning Objectives
- Explain the notion of capital deepening and its significance in enhancing productivity.
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