The low level of production prevailing in the under
developed countries and hence the level of national income , can be raised by
improving techniques. Modern technology is capital saving and helps in
achieving larger output with relatively smaller use of real resources.
Productivity in the U.S.A and Western
European countries was substantially increased by automation and
rationalization. There is undoubtedly great scope for the underdeveloped
countries like india to adopt the advance technology of the west to their own requirements
and factor endowments
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