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Labor intensive |
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Labor intensiveDescribing an industry or sector of the economy that relies relatively heavily on inputs of labor, usually relative to capital but sometimes to human capital or skilled labor, compared to other industries or sectors. See factor intensity.Similar MatchesCapital intensiveCapital intensiveDescribing an industry or sector of the economy that relies relatively heavily on inputs of capital, usually relative to labor, compared to other industries or sectors. See factor intensity. Capital intensiveCapital intensiveUsed to describe industries that require large investments in capital assets to produce their goods, such as the automobile industry. These firms require large profit margins and/or low costs of borrowing to survive. IntensiveIntensiveOf production, using a relatively large input of an input. See factor intensity. Skill intensiveSkill intensiveDescribing an industry or sector of the economy that relies relatively heavily on inputs of skilled labor, usually relative to unskilled labor, compared to other industries or sectors. See factor intensity. |
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