1.

Discuss the different types of production technology.

Answer»

Type of techniques- Generally, these techniques involve two categories-

(i) Labour-intensive Technique 

(ii) Capital-intensive Technique 

(i) Labour-intensive Technique- It refers to the sufficient amount of labour and the major amount of capital to be exploited. As per Prof. Myint, "Labour-intensive techniques are those where there is more demand of labour against one unit of the capital."It regards both the human skill and capital availability equally significant. 

(ii) Capital-intensive Technique- It may be defined as the technique where in the desired and maximum capital is used but the amount of force of labour is meagre. In this technique there sre capital involved in proportion to production per unit. Where as in labour-intensive technique there is another way round. As such in capital-intensive technique more emphasis is laid on technical and mechanical production. 

Types of Production Techniques- Following are the categorized techniques of production of production according to woodward

(1) Mass Production and Large Batch Technology – Under this technology, there involves a mass production. The technology is used in manufacturing the vehicle by Maruti Udyog Ltd. and the Suzuki Motors Cars. 

(2) Unit or Small Batch Technology- Under this the production is initiated on the consumer”s demand or the manufacturing production is under taken by the experts technicians in limited quantity. By using the technique the Hindustan Aeronautics Ltd. that manufacturing helicopters for the Government and the Diesel Locomotive works that manufacturing the diesel engines for the Indian Railways and rail works of other countries also. 

(3) Continuous Flow Process Technology- According to this technology the production undergoes a continuous flow process. This is a complex technology. This process helps in manufacturing medicines like chemicals and the purification process is undertaken by various companies.



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