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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.
Why did cheaper overseas labor have little impact on the sanitary paper products industry?
The capital-intensive nature of paper manufacturing means that cheaper overseas labor has less of an impact on manufacturing costs than in other, more labor-intensive industries.
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.
What is typically the most efficient ratio of labor or capital?
The most efficient ratio of labor to capital varies by industry and specific business context, but it often aligns with the principle of optimizing productivity while minimizing costs. In labor-intensive industries, a higher labor-to-capital ratio is common, whereas capital-intensive industries typically require more capital investment relative to labor. Ultimately, the ideal ratio is determined by factors such as technology, production processes, and the specific skills of the workforce. Balancing these elements can lead to increased efficiency and profitability.
What are the advantages and the disadvantages of capital intensive?
Disadvantages of capital intensive are:-Workers get bored with their job-Need to retrain workers/managers-Profit will decrease in short term-May need to build or find bigger building for machineryAdvantages of capital intensive are:-More profit in long term-Benefit from economies of scale-Increased productivity-Cheaper 'labor'
How has hog farming changed?
Hog production was rapidly becoming less labor-intensive and more capital-intensive, a condition that had not been problematic for corporate outfits able to bring significant resources to bear.
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
Why businesses are more likely to use labor intensive production rather than capital intensive production?
Assuming that both are available to do a production task, using labor allows the business to be more flexible to varying demands. An example is seasonal production such as farming. The farm owner can scale the amount of workers hired to fit the work available.
Labor intensive business rely more on what to prosper?
Word of mouth.
Factor intensity reversal?
Factor intensity reversal refers to a situation in which a country's relative use of factors of production, such as labor and capital, changes between industries as the country's level of development changes. For example, a country may initially be more labor-intensive in its production of goods, but as it develops, it may become more capital-intensive in certain industries. This reversal can occur due to changes in technology, market conditions, or other factors.
What is 1 11 2003 in roman numerals?
i-xi-mmiii capital letters are more preferable.
Why would use be made of an intensive labor force rather than using intensive technology?
Intensive labor force could put more emphasis on quality, whereas a ton of intense machinery would just do, do, do without any regard to quality that was not programmed into it.
