Social Sciences, asked by anjud949726, 9 months ago

dairy farming is both capital intensive as with as labour intensive in the world . Justify the starement.​

Answers

Answered by Indiancitizenbishnoi
0

Answer:

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Explanation:

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Answered by bhagatrakshit57
1

Answer:

Explanation:

Capital intensive and labor intensive refer to types of production methods used in the production of goods and services. Whether an industry or firm is capital or labor intensive depends on the ratio of capital vs. labor required in the production of goods and services. While capital intensive is more expensive and requires a higher capital investment, labor intensive production requires more labor input and requires higher investment in training and education of employees. The article offers a clear overview of each type of production and shows the major differences between capital intensive and labor intensive production.

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