The substitution of steel for wooden ploughs in agricultural production is an example of
Detailed Explanation:
Capital-augmenting technological progress increases the productivity of existing capital without necessarily increasing the quantity of capital.
Replacing wooden ploughs with steel ploughs enhances the effectiveness and durability of the same capital good (plough), allowing more efficient agricultural production with the same or less capital investment — this is capital-augmenting progress, not labour-augmenting (which increases labour productivity) or capital-reducing.
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