Using an Example, Explain the Difference Between a Labor-Intensive Technology

question 54

Essay

Using an example, explain the difference between a labor-intensive technology and a capital-intensive technology.

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Definitions:

Defective Product

is a product that fails to meet safety standards or does not operate as advertised, potentially causing harm to consumers.

Purchased

Acquired by paying money or its equivalent; bought.

Strict Liability

A legal principle where someone is held responsible for damages or loss, regardless of fault or intention, often applied in product liability cases.

Reasonable Standard

A benchmark in law and ethics for what is considered acceptable behavior, judged from the perspective of a reasonable person.