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What is the differentiate between labor and capital intensive technology?
Wiki User
∙ 10y ago
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).
Wiki User
∙ 10y ago
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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
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
What kind of technology is characterized by low initial costs and high operating costs?
Capital-intensive
Technology that is characterized by high initial cost and low operating costs is termed?
capital-intensive.
Determine factors that will influence to choice between labor intensive and capital intensive technique?
Size of the business
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
Labor-intensive and capital intensive?
labour is hand made meaning without machines capital is with machines
Why is it that relatively poor countries uses labor intensive technology while rich countries tend to use capital intensive technology?
Relatively poor countries often have abundant labor resources and limited access to capital. Therefore, they tend to rely on labor-intensive technology as it is more cost-effective for them. On the other hand, rich countries have higher levels of capital and advanced technology, enabling them to invest in more capital-intensive technologies that increase productivity and efficiency.
What is capital intensive technique?
its a secret
