What is one benefit of labour-intensive production and what is one benefit of capital-intensive production?
- Alabour-intensive: each item can be individually made; capital-intensive: average costs of production are low
- Blabour-intensive: keeps unemployment down; capital-intensive: fixed costs are high
- Clabour-intensive: workers have pride in the product; capital-intensive: machinery may break down
- Dlabour-intensive: workers have to work hard; capital-intensive: there is a ready market for the product