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How do low levels of science and technology cause under development in Africa?
Here's why poor technology can lead to underdevelopment: 1. The quality of goods produced in the country will not be the of the same quality of goods that are produced elsewhere which can be imported lading to a rise in government expenditure and debt. 2. Results in low efficiency and productivity of labor. 3. Capital intensive industries like automobiles, steel do not flourish much. 4. Government spending will rise as they will have to import better technology which will increase public debt as well.
Why does England and India trade what they trade?
England and India trade based on their complementary economic strengths. England exports machinery, pharmaceuticals, and financial services, leveraging its advanced technology and industrial capabilities. Conversely, India exports textiles, software services, and agricultural products, capitalizing on its labor-intensive industries and growing tech sector. This exchange allows both countries to benefit from each other's resources and markets, fostering economic growth.
What are the ratings and certificates for Blue Murder - 2001 Intensive Care 1-10?
Blue Murder - 2001 Intensive Care 1-10 is rated/received certificates of: Netherlands:6
How does specialization of labor help improve people's lives?
As a result of this technology, the population grew and became wealthier. Finally, some people traded goods within West Africa and with other regions, such as North Africa.
What are 6 factors of globalization?
There are six key factors to Globalization: International Division of Labor, Internationalization of Finance, New Technology Systems, Transnational Economic Integration, Transnational Corporations, and Homogenization of International Common Markets.
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 differentiate between labor and capital intensive technology?
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 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
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
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.
Is it labor intensive or capital intensive in china?
Both
What is the difference between labor intensive and machinery intensive?
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.
Is labor intensive for diamond?
Yes, labour is intensive for diamond
Is Pepsi labor or capital intensive?
PepsiCo operates as a capital-intensive business due to its significant investments in manufacturing facilities, equipment, and technology for production and distribution. While labor is also a crucial component of its operations, especially in areas like logistics and customer service, the reliance on automation and advanced machinery in production elevates the capital intensity. Overall, the scale of operations and the need for infrastructure make PepsiCo more capital-intensive than labor-intensive.
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.
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
