ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Labour intensive technology
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Capital intensive technology
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Robotic intensive technology
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None of the above
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Detailed explanation-1: -The most capital-intensive industry is the petroleum industry. However, the most expensive industries are the oil and gas industry, the pharmaceutical industry and the computer industry.
Detailed explanation-2: -Examples of capital-intensive industries include automobile manufacturing, oil production, and refining, steel production, telecommunications, and transportation sectors (e.g., railways and airlines). All these industries require massive amounts of capital expenditures.
Detailed explanation-3: -Investment. To promote capital-intensive industry requires significant investment in fixed assets.
Detailed explanation-4: -Capital intensive is when products are mainly produced by machines and robots, meaning the initial outlay and maintenance, will be very high.