Question: Using an example, explain the difference between a labor-intensive technology and a capital-intensive technology

Using an example, explain the difference between a labor-intensive technology and a

capital-intensive technology

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Using an example, explain the difference between a labour-intensive technology and a capital-intensive technology.

Q:

Foreign Direct Investment... a. Increases tax revenue b. Decreases tax revenue c. Increases tax revenue and decreases investment d. Decreases tax revenue and increase investment Blending other MNCs,...

Q:

QUESTION 91 When a manager identifies an opportunity, he or she generates alternatives to pursue the opportunity, selects one of them, implements it, and then evaluates the results. This manager is...

Q:

Write an alternative definition that is tail-recursive (iterative) and makes use of accumulator variables. [10 marks] Explain why your alternative definition executes more efficiently. [3 marks] 1...

Q:

In these questions, my goal is to know your thinking and understanding of the concept, so use as many words and diagrams as you think as appropriate to explain your answer With the help of an example...

Q:

1. Joint ventures and strategic alliances are international business entry strategies that are often used interchangeably. Although they are similar, they are very different in practice. Using...

Q:

Please help me answer these 10-15 marks essay questions refer to the book, Good To Great by Jim Collins. Thank You!! MGMT002 - Introduction of Management Mid-Term Revision 1. List all the...

Q:

Hi Please help to ans. Thanks. There are only THREE (3) questions in this section. Answer ALL questions. 1. Joint ventures and strategic alliances are international business entry strategies that are...

Q:

Answer the following questions in your own words. Please do not plagiarise. give answer of each question in 100-150 words. Please probide accurate answer. Please give answer as soon as possible....

Q:

Review Questions 4 - 1 What ethical, social, and political issues are raised by information systems? Explain what nonobvious relationship awareness is . Describe the net impact of the doubling of...

Q:

Fullhue Corporation owns a small printing press that prints leaflets, brochures, and advertising materials. Fullhue classifies its various printing jobs as standard jobs or special jobs. To see how...

Q:

At a jazz club, the cost of an evening is based on a cover charge of $30 plus a beverage charge of $7 per drink. (a) Find a formula for t(z), the total cost for an evening in which z drinks are...

Q:

If p / q = 3/4 / 2 and pr 11 : find (i) (p / q) / r_{e} (ii) q:r.

Q:

For q particle in a cubic box of edge a, how many states have energies in the range 0 to 16h?/8ma. Select one: 9 11 17 12 14

Q:

what is the final value of the given solution G(s)=4/s^2+4s+2

Q:

employing a BIT with a dc current gain of 100. The collector resistance may be chosen to be 1 ka. You are provided with power supplies of +5 V. Determine the gain of your amplifier. Verify your...

Q:

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

Q:

7. Give examples of the following when you formulate a social problem or phenomenon: a) When you generalize from reality. b) When you choose something from social reality and do not choose some-thing...

Q:

5. Give examples of binary thinking.

Q:

2. In this chapter, the reader should reflect on the following concepts: Social facts, concrete fallacy, constructs, overestimation error.