Economics · Business Studies
How do large-scale industries and small-scale industries generally differ in terms of capital and labor intensity?
- 1Both types of industries are completely automated and require no manual labor.
- 2Both types of industries are equally capital-intensive.
- 3Large-scale industries are labor-intensive, while small-scale industries are capital-intensive.
- 4Large-scale industries are capital-intensive, while small-scale industries are labor-intensive.✓
Correct answer
Large-scale industries are capital-intensive, while small-scale industries are labor-intensive.
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