ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Labor-intensive industries include restaurants, hotels, agriculture, mining, as well as healthcare and caregiving.

Detailed explanation-2: -Labor-intensive industries A labor-intensive industry requires large amounts of manual labor to produce its goods or services. In such industries, labor costs are more of a concern than capital costs. Labor intensity is measured by its proportion to the amount of capital to produce goods or services.

Detailed explanation-3: -Agriculture, construction, and coal-mining industries are examples of labor intensive industries.

Detailed explanation-4: -Capital intensive refers to the amount of capital invested so as to increase the revenue and profit whereas labour intensive refers to amount spent on training to labour so as to increase the efficiency of labour which will ultimately result in the increased production.

Detailed explanation-5: -Capital-intensive industries include automotive, airline, oil and gas, mining, manufacturing, and real estate. These companies all have to spend money on assets that are expensive, such as a factory or an airplane.