Question

Distinguish between labour intensive and capital intensive technology of production

Answer 1

Answer:

ANSWER

• A 'Labour Intensive' product requires a larger amount of human labor to bring it off.
• 'Capital Intensive' industries require a greater amount of machinery to produce the product.

Answer 2

Labour intensive and capital intensive technology of production

Explanation:

Labour intensive technology of production

• The human efforts applied for the production of any type of product is said to be labor-intensive production.
• The production of the goods or the services primarily depends on labor.
• Can be used to produce few products on a small scale.

Capital intensive technology of production

• Machines, vehicles, and other equipment used for the production of any type of product is said to be capital intensive production.
• Capital is the major resource used in production.
• Can be used to produce goods on large scale.

Learn more:

What is difference between labour intensive and capital intensive technique of production

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