| 单词 | factor-intensity |
| 释义 | factor-intensity The relative proportions of various factors of production used in producing goods and services. The factor-intensity of the techniques of production used by a cost-minimizing firm depends on the relative prices of different factors of production. For any given set of relative factor prices, some goods are produced using a lot of labour and little capital: such goods are labour-intensive. Others are produced using a lot of capital and very little labour: such goods are capital-intensive. Agricultural goods may be produced using a lot of land and relatively few other inputs: such products are land- intensive. |
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