Tags

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Land: Anything not of human origin and not capital.
Land-intensive: Requiring much land per worker or per unit of capital.
Example: Primary industry in Argentina, 18th century.
Labor-intensive: Requiring much labor per unit of land or capital.
Example: Agriculture in China and Japan, 18th century.
Example: Manufacturing in Belarus, Mauritius, Ukraine, and Malaysia is believed to be this.
Capital: Anything not directly consumed, but increasing the productive abilities of labor and land.
Capital-intensive: Requiring much capital per unit of labor.
Example: U.S. manufacturing, c. 2008.
Capital: Accumulated unconsumed portion of expenditure minus depreciation.
Capital-intensive: Requiring much capital per unit of labor or TFP.
Example: Manufacturing in North Korea and Russia, c. 1980.
TFP: Anything that isn’t differences in employment as a percentage of the population and differences in accumulated unconsumed portion of expenditure minus depreciation. It could be land, for all anyone cares. It’s not counted as unconsumed portion of expenditure, right?

To encourage clear thinking.

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