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
It will depend on the types of organization, type of production, availability of resoures, how easily a factorcan be substituted, cost of production.
Both
Size of the business
Labor intensive agriculture means it primarily uses physical labor of humans. Machinery intensive agriculture means it primarily uses the power of machinery to do labor, instead of or along with human beings doing the work.
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
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.
Both
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).
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.
labour is hand made meaning without machines capital is with machines
requiring a large investment in capital goods and a relatively small labor force a capital-intensive industry or plant
It totally depends on what business you are running, such as a builder would want a labor intensive business, whilst a car maker would want a capital intensive business, disserent businesses need different things.
Size of the business
In economics, to simplify, labor and capital. Light industry is labor intensive industry while heavy industry is focused on capital investment.
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.
They are labor intensive Mostly depend on local resources They require less capital
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.
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'