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What is the definition of a capital project?
A capital project is one where an investment is made that is based on a capital-heavy investment. Future earnings would then come from any growth that is seen.
What is the difference between light and heavy industry?
In economics, to simplify, labor and capital. Light industry is labor intensive industry while heavy industry is focused on capital investment.
Requires a large capital investment to produce other items in other industries?
Heavy Industry
What Requires a large capital investment to produce other items in other industries?
Heavy Industry:)
Industry that requires a large capital investment and that produces items used in other industries is known as .?
A Heavy Industry
Industry that requires a large capital investment and that produces items used in other industries is known as?
A Heavy Industry
Why society faces a trade off between consumption goods and capital goods?
It's about opportunity costs - resources used to develop capital (steel mills, heavy machinery, etc.) isn't available to manufacture consumer goods, and vice versa.
Why might a country like China decide to produce labor intensive goods while a country like the US would decide to produce capital intensive goods?
Simple answer: the Hecksler-Ohlin model of trade describes that countries, as they specialise in goods in which they possess comparative advantage, devote labour/capital to that good. In this case, other goods are pushed out of the market as the dominant input (labour or capital) in the advantaged good rises in price. I.e.) China specialises in manufacturing; manfacturing is labour-intensive. Labour and capital shift to manufacturing. The price of the two rises, pushing other goods out of the market, especially capital-heavy goods (since labour is needed in manufacturing). In general, many countries specialise in a good because they possess plentiful inputs needed for that good. I.e.) The U.S. has a lot of capital. Therefore, capital has more competition and is cheaper to access. Capital-intensive goods are cheaper to produce, and so more capital-intensive goods are produced with higher profit-margins.
What conditions are necessary for production of capital-intensive goods?
Capital-intensive products, such as cars and trucks, heavy construction equipment, and industrial machinery, are produced by nations that have a highly developed industrial base. Japan is an example
What is heavy industry?
heavy industry is manufactured goods such as machinery,mining equipment, and steel
What is Israel's industry?
Israel's industry was originally designed to cater to a domestic market. It was to supply such basic commodities as soap, vegetable oil and margarine, bread, ice, printing, and electricity. It used raw materials available locally to produce goods as canned vegetables and fruit, cement, glass, and bricks. In order to save foreign exchange, imports of processed goods were curtailed, giving the local industry the opportunity of adding local value to the manufacturing process of products imported from abroad. Although most of Israel's industrial production is still for domestic consumption, the country's economy is far more export-oriented. Higher valued processed goods (excluding diamonds), especially electronics and high-tech related, currently constitute 90 percent of total exports. There has been a heavy expansion in export-oriented industries as a result of government tax and investment incentive schemes. Read more below: Israel Industry, Information about Industry in Israel
Whether mobile cranes are heavy goods vehicles?
Yes- Crane truck or mobile crane or truck-mounted crane are listed under Large goods vehicle (formally known as Heavy goods vehicle)
