When compared with a labour-intensive industry, a capital-intensive industry employs more?
Question 1 Report
When compared with a labour-intensive industry, a capital-intensive industry employs more?
Answer Details
When compared with a labour-intensive industry, a capital-intensive industry employs more machinery than workers. This means that the capital-intensive industry relies heavily on advanced technology and machines to produce goods and services instead of human labor. Capital-intensive industries are characterized by high initial capital investment costs but have the advantage of producing goods and services at a lower unit cost, resulting in higher efficiency and productivity. Therefore, a capital-intensive industry requires fewer workers to produce the same amount of output as a labor-intensive industry.
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