Throughout U.S.history labor and physical capital have been

Question

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Labor and physical capital can be substitutes or complements depending on the context. For example, in certain industries, such as manufacturing, labor and physical capital are complements because human workers use machines to produce goods. However, in other industries, such as online retail, labor and physical capital are substitutes because technology can replace human workers in tasks such as order fulfillment. Therefore, labor and physical capital are input substitutes and complements.

Throughout U.S.history Labor and Physical Capital Have Been