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labor-intensive

 
Dictionary: la·bor-in·ten·sive   ('bər-ĭn-tĕn'sĭv)
adj.
Requiring or having a large expenditure of labor in comparison to capital: "Intrigue and subversion are labor-intensive undertakings" (George F. Kennan).


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Investment Dictionary: Labor Intensive
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A process or industry that requires large amounts of human effort to produce goods.

Investopedia Says:
A good example is the hospitality industry (hotels, restaurants, etc), they are considered to be very people oriented.

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Requiring large pools of workers. Said of an industry in which labor costs are more important than capital costs. Deep-shaft coal mining, for instance, is labor-intensive.

Accounting Dictionary: Labor Intensive
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Industry or company where labor costs are more important than capital costs. Labor intensive companies generally have greater earnings stability than Capital Intensive ones, because the former have a higher percentage of variable costs, while the latter have a higher percentage of fixed costs. However, labor intensive firms may experience difficulty during inflation due to employee discontent resulting from the decline in real earnings. But higher wage rates would be passed on in higher prices.

Economics Dictionary: labor-intensive
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A term describing industries that require a great deal of labor relative to capital (compare capital-intensive). Examples of labor-intensive industries are forms of agriculture that cannot make use of machinery and service industries, such as restaurants.

Wikipedia: Labor intensity
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Labor intensity is the relative proportion of labor (compared to capital) used in a process. The term "labor intensive" can be used when proposing the amount of work that is assigned to each worker/employee (labor), emphasizing on the skill involved in the respective line of work.

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Copyrights:

Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
Financial & Investment Dictionary. Dictionary of Finance and Investment Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more
Accounting Dictionary. Dictionary of Accounting Terms. Copyright © 2005 by Barron's Educational Series, Inc. All rights reserved.  Read more
Economics Dictionary. The New Dictionary of Cultural Literacy, Third Edition Edited by E.D. Hirsch, Jr., Joseph F. Kett, and James Trefil. Copyright © 2002 by Houghton Mifflin Company. Published by Houghton Mifflin. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Labor intensity" Read more