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By way of an example: Digging holes can be labor or capital intensive. You can use 1000 workers with cheap shovels
(labor intensive) or 1 worker with an expensive "steam shovel" (capital intensive). Some things cannot be done
either way like picking strawberries (labor intensive) or manufacturing microcircuits (capital intensive).
What else can I help you with?
What kind of technology is characterized by low initial costs and high operating costs?
Capital-intensive
Why is Bangalore called the information technology capital of India?
cam anyone tell the answer to me
How should you punctuate this sentence Atlanta the capital of Georgia has been called the pacesetter of the South because it leads that area in industry transportation and technology?
Atlanta, the capital of Georgia, has been called the pacesetter of the south because it leads the area in industry, transportation, and technology.
How does technology differ from capital as a factor of production?
Factors of production typically include land, labor, capital, and natural resources. These inputs are used directly to produce a good or service. Technology, on the other hand, is used to put these factors of production to work. ... An improvement in technology usually means that fewer and/or less costly inputs are needed.
Which credit card companies offer the chip and pin technology in the United States?
Chip and pin technology is the new way many credit card companies in the United States is offering. Banks such as Bank of America, and Capital One both offer credit cards with this technology.
Define capital intensive technology?
requiring a large investment in capital goods and a relatively small labor force a capital-intensive industry or plant
Why are some organisations capital intensive and others labor intensive?
labour intensive means use of manpower in production with little of technology while capital intensive means use of technology in production of a unit of output labour intensive means use of manpower in production with little of technology while capital intensive means use of technology in production of a unit of output
Labor-intensive and capital intensive?
Labor-intensive refers to a production process that relies more on human labor than machinery or technology, while capital-intensive refers to a process that relies heavily on machinery, equipment, or capital investment rather than on labor. Labor-intensive industries require more manual work and intensive supervision, while capital-intensive industries involve larger investments in equipment and technology.
What is the scope of managerial economics in the field of engineering?
costs:- technology has multi-dimensional impact on costs, one hand technology determines what combination of various factor is to be used e.g capital -intensive technology or labor intensive technology
Technology that is characterized by high initial cost and low operating costs is termed?
capital-intensive.
What kind of technology is characterized by low initial costs and high operating costs?
Capital-intensive
Determine factors that will influence to choice between labor intensive and capital intensive technique?
Size of the business
Why are some organisation capital intensive and others labor intensive?
A bank or investment company would be considered 'capital intensive' , a construction company or landscaping company would be considered 'labour intensive' because they employ more people to try for the same gains.
Is a feed mill capital intensive?
Owning a feed mill is a capital-intensive operation
Is it labor intensive or capital intensive in china?
Both
What is one capital intensive industry in the Caribbean?
one capital intensive industry in the Caribbean is the commercial bank
Why is it that relatively poor countries uses labor intensive technology while rich countries tend to use capital intensive technology?
Many poor countries, by definition, have little capital to invest in technology. At the same time, they often have a large pool of low-skill workers who are accustomed to low wages. In these conditions it makes sense to invest the resources they do have (cheap labor) instead of the resources they don't have (capital). Wealthier countries tend to invest capital in technology because it allows for fast production without the use of as much manual labor, which in wealthier countries costs more than in poorer countries. Richer countries also often have stagnant or negative population growth, meaning that the pool of low-skilled workers is limited. In these conditions it makes sense to invest in technology, not labor
