can you explain this briefly and easy to understand please.

TWO 1 LABOR- INTENSIVE TECHNOLY- utilizes more labor resources than capital resources. It usually employed by economies where labor resources are abundant and cheap. CAPITAL INSENTIVE TECHNOLOGY- utilizes more capital resources than labor capital resources in the production process. @ industrialized economies since capital resources. Capital intensive technology is employed by industrialized economies since capital resources in these economies are cheaper than labor. Countries such as Germany, Japan, Korea, and the United States are considered capital intensive economies. The decision s to what of technology to employ depends upon the availability of the resources and its cost. Thus, if more labor is available in most cases, industries (or economie) will be more labor intensive since cost of labor will be cheaper than the use of capital. On the other hand, if capital is more abundan while labor is scarce, then industries will be mor capital intensive since capital will be cheaper to acquire. Thus, countries like Japan, Germany and other industrialized countire are more capital intensive since capital resources are more abundant in these counties while our country in the Philippines, china, Vietnam, and other developing countries are more labor intensive since labor resources in these countries are more abundant which are cheaper to use than capital