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capital-intensive production

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capital-intensive production

Form of production where a relatively high amount of capital is used in relation to labour. Production in primary and secondary industrial sectors is becoming increasingly capital-intensive. As more and more capital is used, labour productivity increases but at the same time employment in these industries falls.



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Research has shown that companies involved in overseas trade were on average larger, more productive, pay higher wages and use more capital-intensive production methods than non-exporting rivals.
Research has shown that companies involved in overseas trade were on average larger, more productive, pay higher wages and use more capital-intensive production methods than non-exporting rivals," he added.
gets rave reviews but told to embrace capital-intensive production modes.
 
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