labour and capital intensive production

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advantages labour intensive production
low financial barriers, cheap to set up, highly flexible
1 of 5
disadvantages of labour intensive production
labour costs form a high % of total costs, youd need many employees
2 of 5
disadvantage of capital intensive production
lots of the total costs tied up in fixed costs of purchasing machinery, high finical barriers to enter, inflexible switching or customising a product
3 of 5
well done
well done
4 of 5
well
done
5 of 5

Other cards in this set

Card 2

Front

disadvantages of labour intensive production

Back

labour costs form a high % of total costs, youd need many employees

Card 3

Front

disadvantage of capital intensive production

Back

Preview of the front of card 3

Card 4

Front

well done

Back

Preview of the front of card 4

Card 5

Front

well

Back

Preview of the front of card 5

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