Production processes that use a high ratio of capital to labor inputs are referred to as
A)Labor-intensive.
B)Production-intensive.
C)Capital-intensive.
D)Factor-intensive.

Question

Quizplus · Accepted Answer

Capital-intensive production processes rely more heavily on machinery, technology, and other forms of capital. This means that the ratio of capital input to labor input is higher than in labor-intensive industries.

Production Processes That Use a High Ratio of Capital to Labor