4 ms·

i m not in the industry but i couldn;t find a definition such as the one you re mentioning > Capital-intensive industries use a large portion of capital to buy

i m not in the industry but i couldn;t find a definition such as the one you re mentioning > Capital-intensive industries use a large portion of capital to buy expensive machines, compared to their labor costs. The term came about in the mid- to late-nineteenth century as factories such as steel or iron sprung up around the newly industrialized world. i dont know, computers are dirt cheap, and IT is famous for being particularly easy to enter into as a sector. I don't think i m the exception

liara_k 7y ago
There's more to "capital" than a physical machine. Compare the cost of creating software (often many millions) to the per unit cost of copies of that software (zero). Compare the cost of developing a new processor architecture and setting up the manufacturing plant (billions and billions) compared with the per-unit cost. Compare the cost of building out a physical network infrastructure to cover a city (many millions) compared with the cost of connecting a single user to the box down the street. Compare the cost to create all of Facebook's hardware and software infrastructure to the marginal cost of adding one more user to the platform.