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Hitman42 [59]
3 years ago
5

A situation in which machines and equipment do most of the work is known as

Business
1 answer:
Svetllana [295]3 years ago
6 0
<span>A situation in which machines and equipment do most of the work is known as a capital-intensive technology.
Two factor inputs are present in every production operation: labor and capital. The term labor includes the workers, employees and management, while capital refers to the </span><span>machinery, IT systems, buildings, vehicles, offices.
</span><span>Capital intensity is the amount of capital used in the production  in relation to labor. </span><span>
If the production is made by more machines and technology than labor that the company uses </span><span>a capital-intensive technology.</span>
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When the birthrate in the US increases, there would be an increase in the demand for college education. The demand curve would shift to the right.

<h3>What would happen in birth rate increase?</h3>

When birth rate increases, there would be more children in the country. This would lead to more people needing college education. As a result, the demand for college education increases and this would shift the demand curve to the right.

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