Expense-intensive
Expense-intensive describes a situation, industry, project, or activity that requires a significant allocation of financial resources to operate, maintain, or achieve its objectives. It indicates that a substantial amount of money is needed relative to the overall scale or benefit of the endeavor. The term often implies high operational costs, capital expenditures, or investments, potentially impacting profitability, cash flow, and the ability to scale. Careful budgeting, cost control, and effective financial management are crucial in such environments. The term can be applied to diverse fields, from manufacturing to research to healthcare, highlighting the inherent financial burden.
Expense-intensive meaning with examples
- The development of new pharmaceutical drugs is a notoriously Expense-intensive process, requiring years of research, clinical trials, and regulatory approvals, all of which involve substantial financial investments. Companies need to budget carefully. It can cost millions before any revenue.
- Building and maintaining a modern data center is an Expense-intensive undertaking due to the high costs of hardware, software, power consumption, cooling systems, and specialized personnel. It's a large cost over the long term. These costs often need financing.
- The space exploration industry is inherently Expense-intensive, with astronomical costs associated with rocket launches, satellite construction, mission operations, and research. A single launch can cost billions. This impacts decisions, but the rewards can be huge.
- Running a large-scale agricultural operation that utilizes advanced machinery, irrigation systems, and fertilizers is considered Expense-intensive, especially with fluctuating commodity prices and the need for continuous investment. Farming can have high costs.
- Providing advanced medical care in developed nations is often Expense-intensive, encompassing physician salaries, hospital infrastructure, medical equipment, and the rising cost of prescription drugs. The costs continue to rise. The balance of access is key.