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What is the difference between light and heavy industry?
In economics, to simplify, labor and capital. Light industry is labor intensive industry while heavy industry is focused on capital investment.
When would you use direct labor as cost driver?
In labor intensive industry direct labor cost is used as cost driver.
Define capital intensive technology?
requiring a large investment in capital goods and a relatively small labor force a capital-intensive industry or plant
Why did cheaper overseas labor have little impact on the sanitary paper products industry?
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.
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
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 one capital intensive industry in the Caribbean?
one capital intensive industry in the Caribbean is the commercial bank
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 labor intensive production?
it is yellow
Is the pulp and paper industry capital intensive?
According to one ranking, the pulp and paper industry is twice as capital intensive as any other major U.S. industry
