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15 November, 05:34

A situation in which machines and equipment do most of the work is known as

a. quality control.

b. high technology.

c. an industrial installation.

d. a capital-intensive technology.

e. a labor-intensive technology.

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Answers (1)
  1. 15 November, 06:04
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    A situation in which machines and equipment do most of the work is known as a capital-intensive technology.

    Two factor inputs are present in every production operation: labor and capital. The term labor includes the workers, employees and management, while capital refers to the machinery, IT systems, buildings, vehicles, offices.

    Capital intensity is the amount of capital used in the production in relation to labor.

    If the production is made by more machines and technology than labor that the company uses a capital-intensive technology.
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