When economists describe a production process as capital-intensive,they mean that the
A)Process uses a high ratio of machinery and other capital to labor.
B)Process needs a greater emphasis on labor in order to increase productivity.
C)Capital used in the process reflects the most advanced technology.
D)Capital used in the process tends to wear out (depreciate)very rapidly.

Question

Quizplus · Accepted Answer

When economists describe a production process as capital-intensive, they mean that the process uses a high ratio of machinery and other capital to labor. This means that the production process relies heavily on automated or mechanical equipment, rather than on human labor.

When Economists Describe a Production Process as Capital-Intensive,they Mean That