What are examples of labour intensive?
Industry or process where a larger portion of total costs is due to labor as compared with the portion for costs incurred in purchase, maintenance, and depreciation of capital equipment. Agriculture, construction, and coal-mining industries are examples of labor intensive industries.
What is a labor intensive meaning?
Definition of labor-intensive : having high labor costs per unit of output especially : requiring greater expenditure on labor than in capital.
Which country is labour intensive?
The country’s wage rate is low and wages constitute the major cost of production for labor-intensive industries. Therefore, labor-intensive manufacturing industries can be competitive in such country. The development of labor-intensive industries in Indonesia, Thailand, and Cambodia are good examples.
What is the difference between labour intensive and capital intensive production give examples?
Capital intensive refers to the amount of capital invested so as to increase the revenue and profit whereas labour intensive refers to amount spent on training to labour so as to increase the efficiency of labour which will ultimately result in the increased production.
What are examples of land intensive goods?
Land-intensive goods are those goods in which land requirement as input is high; for example, the production of corn requires more land. Labor-intensive goods need more labor skills; for example, furniture production requires manual labor to provide details and craft.
What is an example of a capital-intensive industry?
Examples of capital-intensive industries include automobile manufacturing, oil production, and refining, steel production, telecommunications, and transportation sectors (e.g., railways and airlines). All these industries require massive amounts of capital expenditures.
What is another word for labor intensive?
Independent. capital-intensive, time-consuming, arduous, intense, painstaking, knowledge-intensive, populated, cumbersome, tedious, workforce, concentrated.
Is India a labour intensive country?
India is a labour surplus country and that is its most important resource.
Which of these are examples of labor intensive goods quizlet?
Traditionally, labor intensive industries were determined by the amount of capital needed to produce the goods and services. Examples of labor intensive industries include agriculture, mining, hospitality and food service.
What is an example of a capital intensive industry?
Is car manufacturing labour intensive?
In contrast to industries producing labor intensive and standardized goods, the automobile industry in high-income countries should be among the winners of globalization. The production of automobiles is relatively human capital intensive and technologically advanced.
What is labour intensive farming?
Labour intensive farming or labour intensive agriculture involves various types of agriculture with higher levels of input and output per unit of agricultural land area. It requires a great deal of labor relative to capital to obtain substantial agricultural produce.
What is labor intensive agriculture?
operations where the farmer and his. family plant and harvest several crops. and tend livestock as well, all without. any help from hired farm workers. Sev.
Is Apple capital intensive?
Technology companies don’t usually spend on these items. Industrial companies involved in manufacturing are called “capital intensive”. They buy factories or ships or oil drilling platforms. Apple is spending more than any of these “capital intensive” businesses.”
What do you mean by time consuming?
Definition of time-consuming 1 : using or taking up a great deal of time time-consuming chores. 2 : wasteful of time time-consuming tactics.
What are labour-intensive industries in India?
The National Manufacturing Policy identifies employment intensive industries like textiles and garments, leather and footwear, gems and jewellery and food processing, etc. as special focus attention sectors.
Which is the most labour-intensive industry in India?
Packages for Specific Industries (not enterprises): The most labour-intensive manufactures are food processing, leather and footwear, wood manufactures and furniture, and apparel and garments.
What are examples of land-intensive goods?
Which of the following is an example of a capital intensive?
What is an example of a labor intensive process?
If the labor cost outweighs the capital cost, it indicates that the production process is labor intensive. For example, mining is considered labor intensive because a majority of production costs are related to paying workers. Other industries considered labor intensive include hospitality (hotels and restaurants) and construction.
What does labor intensive mean in financial terms?
Financial Definition of labor-intensive. Labor intensive is used to describe any production process that requires higher labor input than capital input in terms of cost. The production of goods and services requires labor and capital in varying amounts, depending on the product.
What is an example of labor intensity in economics?
For example, restaurants are typically labor intensive and airlines are capital intensive because aircraft represent more expensive capital than a restaurant. Labor intensity can also be measured in terms of revenue. For example, the revenue produced in an hour of work is a good measure of labor intensity.
What are the most labor intensive industries?
Advances in technology and worker productivity have moved some industries away from labor-intensive status, but many remain. Labor intensive industries include restaurants, hotels, agriculture, and mining. Less developed economies, as a whole, tend to be more labor intensive.