All About Bilge Pumps. Bilge pumps are the critical last line of defense against sinking, and boats sink all the time. Bilge pumps and attendant equipment are fairly cheap, and easy to install and wire, yet often neglected, inoperable, or undersized. Some people think just one is enough, when two is the bare minimum, better three or four.
DEFINITION of 'Labor Intensive'. A process or industry that requires a large amount of labor to produce its goods or services. The degree of labor intensity is typically measured in proportion to the amount of capital required to produce the goods/services; the higher the proportion of labor costs required, the more labor intensive the business. Next Up.
Those requiring less fixed assets but more labor are called labor intensive, such as an accounting firm, an event arrangement company, a bank, etc. Expenditure incurred on purchase or construction of property, plant and equipment is called capital expenditure. Such an expenditure is capitalized which means that it is recorded on the balance sheet and written off as expense over the useful life of the fixed asset through a process called depreciation. This reduces the assetâs carrying amount on balance sheet.