Question

How did the capital-intensive labour-saving technology help the British economy?

• A. Britain was able to substitute expensive capital with cheap labour
• B. Britain was able to substitute cheap capital with expensive labour
• C. Britain was able to substitute expensive labour with cheap capital
• D. Britain was able to substitute cheap labour with expensive capital

Answer 1

The correct option is C

Britain was able to substitute expensive labour with cheap capital

With the advent of capital-intensive labour-saving technology, Britain was able to substitute expensive labour with cheap capital.