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).
Capital-intensive
cam anyone tell the answer to me
Atlanta, the capital of Georgia, has been called the pacesetter of the south because it leads the area in industry, transportation, and technology.
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.
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.
requiring a large investment in capital goods and a relatively small labor force a capital-intensive industry or plant
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 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.
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
capital-intensive.
Capital-intensive
Size of the business
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.
Owning a feed mill is a capital-intensive operation
Both
one capital intensive industry in the Caribbean is the commercial bank
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