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Labour-intensive refers to a type of industry or process that requires a large amount of human labor to produce goods or services, often involving manual work rather than automation or machinery. This typically implies higher employment but can also mean lower efficiency and productivity compared to capital-intensive industries, which rely more on automated equipment and technology.
Key Benefits
– Job Creation: Labour-intensive industries are pivotal in generating employment opportunities. By requiring a large number of workers, these industries help absorb the labor force, particularly in developing regions with high unemployment rates.
– economic growth: these industries contribute significantly to economic development. as They generate jobs, They increase household incomes, leading to higher consumer spending and stimulating local economies.
– skill development: Labour-intensive industries often provide on-the-Job training, which helps improve the skill sets of workers. This training can increase worker productivity and potentially lead to further economic advancement.
– Poverty Reduction: By creating jobs in rural and underdeveloped areas, Labour-intensive industries play a crucial role in reducing Poverty levels. employment opportunities lead to better living conditions and more access to education and healthcare.
– social stability: employment provided By Labour-intensive industries can contribute to social stability. when more people are employed, there is Generally a Reduction in social issues linked to Poverty and unemployment, such as crime and social unrest.
Related Terms
– Job Creation: Labour-intensive industries are pivotal in generating employment opportunities. By requiring a large number of workers, these industries help absorb the labor force, particularly in developing regions with high unemployment rates.
– economic growth: these industries contribute significantly to economic development. as They generate jobs, They increase household incomes, leading to higher consumer spending and stimulating local economies.
– skill development: Labour-intensive industries often provide on-the-Job training, which helps improve the skill sets of workers. This training can increase worker productivity and potentially lead to further economic advancement.
– Poverty Reduction: By creating jobs in rural and underdeveloped areas, Labour-intensive industries play a crucial role in reducing Poverty levels. employment opportunities lead to better living conditions and more access to education and healthcare.
– social stability: employment provided By Labour-intensive industries can contribute to social stability. when more people are employed, there is Generally a Reduction in social issues linked to Poverty and unemployment, such as crime and social unrest.
References
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