HOW IS LABOR INTENSIVE INDUSTRIES DIFFERENT FROM CAPITAL INTENSIVE INDUSTRIES?

Labour-intensive production
In Economics, labour is the all human efforts in the production. Labour does not only mean the labourers in an industrial site. If we take an example of a tourist resort, labour includes the receptionists, bell boys, bartenders, waiters, admin assistants, telephone operators etc.
Labour-intensive production means that the way that a good or service is produced depends more heavily on labour than the other factors of production, such as capital.
Capital-intensive production
‘Capital’ refers to the equipment, machinery, vehicles and so on that a business uses to make its product or service. This meaning is also consistent with the meaning that the capital is the resources provided by the owner/owners to the business to do the business.
Capital-intensive processes are those that require a relatively high level of capital investment compared to the labour cost.
These processes are more likely to be highly automated and to be used to produce on a large scale.
An industry that is capital intensive is - oil refining, manufacturing.
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[@sumankashyap6541]

I am totally clear with this topic now

[@pranishdhungana3188]

Wow mam your explaining techique was Very good.

[@_mt_1525]

.. THANKS MAM 🙏🙏 • Capital intensive = Those industry where work more depend on machinery ,if machine more then capital also more necessary ... Main motto is to earn profit only . eg = Railway , automobile industry • Labour intensive = Here mostly work done by labour and nachine role diminished For instance = Agriculture by peasant ,,mining activities

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[@RajeevKumar-le4il]

When the price of capital is more than that of labour , the tecniques should be, please reply

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Labour intensive teachnique or teachnology same hai ???

[@Peaceful_soul4252]

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[@chiragdhull9795]

Tea come under which type of industry? Labor-intensive industry Capital- intensive industry Both

[@yougo__]

Both