2016 · Q92
Capital deepening refers to
General KnowledgeIndian Economy
- Agoing for more fixed capital per worker
- Bemphasis on social overhead capital
- Cconstant capital-output ratio
- Dincreasing capital-output ratio
Explanation
Capital deepening means the capital–labour ratio rises — the economy uses more fixed capital per worker (e.g., mechanization). It is distinct from capital widening (more capital with more workers), from social overhead capital, and from the capital–output ratio.