Capital equipment can be labor-saving or labor-using.Use late-19th-century industrialization to illustrate the differences between the two types of capital and explain why and when industrialists switched between them.

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The Answer of Capital equipment can be labor-saving or labor-using.Use late-19th-century industrialization to illustrate the differences between the two types of capital and explain why and when industrialists switched between them.

Capital Equipment Can Be Labor-Saving or Labor-Using