A hydration belt made by Anderson's Running comes with two water bottles. Due to their distinctive fit, runners are in high demand for these belts. The hydration belt is made at Anderson's Running's factory, but the water bottles were bought in bulk from another supplier. The hydration belt is an example of a final good, while the water bottles are an example of an intermediate good in this scenario.
Restaurants, hotels, agriculture, mining, and healthcare and caregiving are all labor-intensive industries. In general, less developed economies tend to be more labor-intensive. Low income means that the economy or business cannot afford to invest in costly capital, so this scenario is quite common.
Restaurants, hotels, agriculture, mining, and healthcare and caregiving are all labor-intensive industries. In general, less developed economies tend to be more labor-intensive. Low income means that the economy or business cannot afford to invest in costly capital, so this scenario is quite common.
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