Methods of Production

There are _ methods of production

• 3

• 2

• 4

What are the methods of production ?

• Land ,Labour ,Capital, Enterprise

• Primary , Secondary, Teritary

• Labour and Capital

• Subsistence, domestic and Surplus

What is Labour-Intensive Production ?

• When enough goods is produced to supply his/her family's basic needs

• The way a good/service is produced depending heavily on Labour than the other factors of production

• The production process where more machine effort than human effort is employed .

What is Capital-Intensive Production ?

• When enough goods is produced to supply his/her family's basic needs .

• The way a good/service is produced depending heavily on Labour than the other factors of production

• The production process where more machine effort than human effort is employed .

What are 2 Advantages of Labour Intensive Production ?

• Staff can be used flexibly to meet changing levels of a customer.

• Can provide feedback that provides ideas for continuous improvement.

• Reduces human error

• Greater Speed

What are 2 advantages of Capital-Intensive Production ?

• Staff can be used flexibly to meet changing levels of a customer.

• Can provide feedback that provides ideas for continuous improvement.

• Reduces human error.

• Greater Speed .

What are 2 disadvantages of Labour Intensive Production ?

• Expensive in long term

• Inconsistent levels of effort

• Greater Speed

• Less human error

What are 2 disadvantages of Capital-Intensive Production ?

• Lack of flexibility in responding to change in demand

• High cost of investment

• More human effort

• Less speed