Production of goods and services require different mixes of resources. Discuss the three different production resource intensities and give examples of each.

Labor-intensive goods are products requiring relatively large amounts of labor to produce. Examples of labor-intensive goods are textiles, electronics, apparel, toys, and sporting goods. Land-intensive goods are products requiring relatively large amounts of land to produce. Examples of land-intensive goods are beef, wool, meat, and vegetables. Capital-intensive goods are products that require relatively large amounts of capital to produce. Examples of capital-intensive goods are airplanes, automobiles, agriculture equipment, machinery, and chemicals.