Compare and contrast between capital-intensive businesses and labor-intensive businesses

What will be an ideal response?

Answer: Capital-intensive businesses require large amounts of money, equipment, land, and other resources to get started and to operate. Goods-producing businesses are often capital-intensive businesses. Service businesses tend to be labor-intensive businesses in that they rely more on human resources than buildings, machinery, and equipment to prosper. However, the Internet and other technologies have reduced the labor required to operate many types of service businesses.