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Labor intensive refers to the combinations of factor inputs for a firm. If a firm produces a good that is labor intensive it means that the number of units of labor is high relative to the number units of capital (or whatever other factor of production there is). For example, education and teaching is very labor intensive, as the teaching field needs a lot of people to educate and handle the administration of education. It is also not likely that the teaching sector will not shift to ever be capital intensive.
Any firm that produces a good that is intensive in any factor is vulnerable to shocks or changes in the cost of that factor. If the price of labor increases it will greatly hinder the ability the firm's ability to produce that good.
Kevin Greenfelder
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Why does SA have such a pro-labour labour legislation?
Why does sa have such pro-labour labour legislation
What is labour costing?
this is the study of labour which entails analysis and calculation of labour remuneration, recording of labour hours, introduction of incentives, recording of labour related cost and allocation of labour cost to products.
Marginal productivity of labour and the demand for labour .?
Graphically illustrate and explain the relationship between marginal productivity of labour and the demand for labour .
How can intensity be controlled?
How intensity can be controlled
What does intensity in color mean?
INTENSITY!!!!!!!!!!!!
Definition of Labour and types of Labour?
Labour refers to all the various categories of skills and occupations found on the labour market. The types of labour are: SEMI- SKILLED UNSKILLED MANAGERIAL AND PROFESSIONAL
What is back labour?
Back labour is a feeling of intense pain in one's back while in labour.
The intensity of a sound is called is?
intensity level
What does intensity of sound depend on?
Intensity ∞ Amplitude2
Labor as a Factor of production?
1) labour is perishable.2) labour is inseparable.3) labour power differs from person to person.4) labour is mobile.5) indivigual laboyr has weak bargaining power.Blp jkl blm nlm 10,11,12 hlp
What is the abbr for electric intensity?
The abbreviation for electric intensity is " I " the intensity is measured in amps using an ammeter.
What are the sentence of intensity?
The intensity of the basketball players helped them win the tournament.
