which of the following sector is most capital intensive?

Assessment: WAEC SSCE - Economics - 2009 (Objective) Subject: Economics

Question 1 Report

which of the following sector is most capital intensive?
Answer Details
Petroleum is the most capital-intensive sector among the given options. This is because the production and refining of petroleum require large amounts of capital investment in equipment, technology, and infrastructure. Additionally, the exploration and drilling of oil wells are very costly, which contributes to the high capital intensity of the sector. In contrast, sectors such as commerce, tourism, and insurance typically require less capital investment to start and operate a business.
Read lesson note on The Theory Of Production (JAMB)
Read lesson note on Distributive Trade (WAEC)
Read lesson note on Petroleum And The Nigerian Economy (JAMB)
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