Asked by
Light Fusion
on Nov 07, 2024Verified
A firm that substitutes labour for machinery and equipment is said to be capital-intensive.
Capital-Intensive
A business process or industry that requires large amounts of money to produce goods or services, often due to high costs of machinery and equipment.
Machinery
Physical devices or equipment designed to perform specific tasks in industrial or commercial settings, often part of the fixed assets of a business.
- Recognize the traits and consequences of projects that demand significant capital investment.
Verified Answer
CC
Learning Objectives
- Recognize the traits and consequences of projects that demand significant capital investment.
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