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An economy is a framework where all economic activities are carried out. explain how ?

1 answer:

5 0

Answer:

Capital intensive production requires more equipment and machinery to produce goods; therefore, require a larger financial investment. Labor intensive refers to production that requires a higher labor input to carry out production activities in comparison to the amount of capital required.

Explanation:

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An economy is a framework where all economic activities are carried out. explain how ?​

An economy is a framework where all economic activities are carried out. explain how ?