2020欧洲杯滚球

labor-intensive

adjective
la·​bor-in·​ten·​sive | \ ˈlā-bər-in-ˌten(t)-siv How to pronounce labor-intensive (audio) \

Definition of labor-intensive

: having high labor costs per unit of output especially : requiring greater expenditure on labor than in capital

First Known Use of labor-intensive

1928, in the meaning defined above

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Time Traveler for labor-intensive

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The first known use of labor-intensive was in 1928

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Last Updated

24 Apr 2020

Cite this Entry

“Labor-intensive.” waleadership.com Dictionary2020欧洲杯滚球, Merriam-Webster, http://waleadership.com/dictionary/labor-intensive. Accessed 25 May. 2020.

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More Definitions for labor-intensive

labor-intensive

adjective

Financial Definition of labor-intensive

What It Is

Labor intensive is used to describe any production process that requires higher labor input than input in of cost.

How It Works

The production of goods and services requires labor and in varying amounts, depending on the product. If the labor cost outweighs the capital cost, it indicates that the production process is labor intensive. For example, mining is considered labor intensive because a majority of production costs are related to paying workers.

Other industries considered labor intensive include hospitality (hotels and restaurants) and construction.

Why It Matters

Production costs for labor intensive goods and services are variable since businesses can add or subtract workers depending on business conditions. This allows producers to retain some control over production costs. During economic downturns, this can be an advantage over producers, which normally have higher .

Source:

labor-intensive

adjective
How to pronounce labor-intensive (audio)

English Language Learners Definition of labor-intensive

: requiring a lot of work or workers to produce

Comments on labor-intensive

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