What do you mean by Labour intensive technology and capital intensive?

requiring a large investment in capital goods and a relatively small labor force a capital-intensive industry or plant

The English word 'labour-intensive' means requiring a large expenditure of labor but not much capital

labour intensive means use of manpower in production with little of technology while capital intensive means use of technology in production of a unit of output labour intensive means use of...

Switching from labour -intensive to capital-intensive involves risk on the business. So the business should make sure that it's the most suitable method that will reduce the cost on the business or...

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