JAMB - Economics (2008 - No. 14)
The use of modern weaving machines in the production of local fabric will result in
an increase in the demand for labour
a decrease in the demand for labour
an increase in wages
a decrease in wages
Erläuterung
The use of modern machines in production leads to an efficient and fast tracked production process with less human power required. This is one of the merits of technology in production and is used to maximize product quality and reduce production costs.
The use of machines in production leads to a decrease for the demand for labour.