What is meant by laborintensive commodity? Capital intensive commodity? Capital-labor ratio?

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What is meant by labor‐intensive commodity? Capital intensive commodity? Capital-labor ratio?

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International Economics

ISBN: 978-1118955765

12th edition

Authors: Dominick Salvatore

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Question Posted: Oct 27, 2017 09:24 AM

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What is meant by laborintensive commodity? Capital intensive commodity? Capital-labor ratio?

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CapitalLabor ratio is the ratio of the amount of capital to amount of labor used to produce any gi...View the full answer

International Economics

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