Tag: industries

DefinitionNationalization is the process of transforming private assets into public assets by bringing them under the public ownership of a national government or state....

Creative destruction, sometimes called Schumpeter's gale, is an idea people studying economics theory say may lead to innovation in the business cycle. Karl Marx...

What is 'Labor Intensive' Labor intensive refers to a process or industry that requires a large amount of labor to produce its goods or services....