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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.
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What kind of figurative expression is Labour myself to death?
The phrase "labour myself to death" is a hyperbolic metaphor. It conveys the idea of working excessively hard to the point of exhaustion or even self-destruction. This figurative expression emphasizes the intensity and negative consequences of overworking oneself.
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 .
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.
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 remuneration of Labour?
Salary and wage is the remuneration of labour
What is labour labour turn over?
labour turn over refers to the rate at which employees join and leave the company
Duties of a labour prefect?
Duties of a labour prefect, He follow her boss and honesty.
Who produces labour in capitalism?
The working people supply labour.
What is the Importance of labour economics?
five importance of labour economics
