capital-intensive firm/industry

a firm or industry that produces its output of goods or services using proportionately large inputs of CAPITAL equipment and relatively small amounts of LABOUR. The proportions of capital and labour that a firm uses in production depend mainly on the relative prices of labour and capital inputs and their relative productivities. This in turn depends upon the degree of standardization of the product. Where standardized products are sold in large quantities, it is possible to employ large-scale capital-intensive production methods that facilitate ECONOMIES OF SCALE. Aluminium smelting, oil refining and steelworks are examples of capital-intensive industries. See MASS PRODUCTION, CAPITAL-LABOUR RATIO.

单词	capital-intensive firm/industry
释义	capital-intensive firm/industry capital-intensive firm/industry a firm or industry that produces its output of goods or services using proportionately large inputs of CAPITAL equipment and relatively small amounts of LABOUR. The proportions of capital and labour that a firm uses in production depend mainly on the relative prices of labour and capital inputs and their relative productivities. This in turn depends upon the degree of standardization of the product. Where standardized products are sold in large quantities, it is possible to employ large-scale capital-intensive production methods that facilitate ECONOMIES OF SCALE. Aluminium smelting, oil refining and steelworks are examples of capital-intensive industries. See MASS PRODUCTION, CAPITAL-LABOUR RATIO.
随便看	slip off to some place slip of paper slip of the lip slip of the pen slip of the tongue slip on slip-on slip on a banana peel slip on a banana skin slip one a mickey slip (one) a mickey (finn) slip one a mickey finn slip (one) five slip one five slip one over slip one over on slip one over on her slip one over on him slip one over on me slip one over on (someone) slip one over on someone or something slip one over on them slip one over on us slip one over on you slip (one's) memory