| 单词 | capital intensiveness |
| 释义 | capital intensivenesscapital intensivenessthe extent to which capital (plant, equipment, etc.) is used in the PRODUCTION of goods and services. Where capital is relatively cheap and labour is comparatively expensive, then firms will be inclined to use large amounts of capital in their production processes and automate (see AUTOMATION) their production. See CAPITAL LABOUR RATIO. Compare LABOUR INTENSIVENESS. |
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