1.

write a note on capital requirements and labour requirements and write pros and cons of that business​

Answer»

All production operations combine the TWO FACTORS of labour and capital. The IMPORTANCE of labour and capital to a specific business are described in terms of their intensity.Labour intensive is when products are mainly produced by human workers. Machines and special tools may be used too, but overall it requires human creativity and effort to PRODUCE the product.



Discussion

No Comment Found

Related InterviewSolutions