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Capital intensity is the amount of fixed or real capital present in relation to other factors of production, especially labor.At the level of either a production process or the aggregate economy, it may be estimated by the capital to labor ratio, such as from the points along a capital/labor isoquant.
BCOM automates and optimizes the configurations and operations of these systems based on business processes and user-centric needs, resulting in reduced costs and increased adoption. [10] [11] Management systems provided by the UC platform vendors are still labor-intensive and focus on a single set of vendor devices and systems.
Labor-capital ratio: the relationship between employment and capital stock. [clarification needed] This ratio indicates the relative use of factors in an activity and the extent to which it is labor-intensive compared to capital-intensive. [5] The ratio between employment and value added, which indicates the labor intensity of production.
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In 1971 Robert Baldwin showed that U.S. imports were 27% more capital-intensive than U.S. exports in the 1962 trade data, using a measure similar to Leontief's. [2] [3]In 1980 Edward Leamer questioned Leontief's original methodology for comparing factor contents of an equal dollar value of imports and exports (i.e. on real exchange rate grounds).
With breakthroughs in transportation, communication and information technology, a globalized economy that encouraged foreign direct investment, capital mobility and labor migration, and new economic theory's emphasis on specialized factor endowments, manufacturing moved to lower-cost sites and in its place service sector and financial ...
Channel expansion theory (CET) states that individual experience serves as an important role in determining the level of richness perception and development towards certain media tools. It is a theory of communication media perception that incorporates experiential factors to explain and predict user perceptions of a given media channel. The ...
The Marxist labor theory of value has been criticized on several counts. Some argue that it predicts that profits will be higher in labor-intensive industries than in capital-intensive industries, which would be contradicted by measured empirical data inherent in quantitative analysis. This is sometimes referred to as the "Great Contradiction ...