Question

by asking a labourer in any production unit in your locality and prepare a note on how his labour skills for production thanks in the production process comment on labour, the importance of labourers and rewards to get laborers

Answer 1

Answer:

Characteristics of Labour as a Factor of Production

1] Perishable in Nature

Labour is perishable in nature. This simply means that it has to storage capacity, i.e. labour cannot be stored. If a worker does not turn up to work for one shift his labour of that shift is lost completely. It cannot be stored and utilized the next day. That labour is lost permanently. A laborer cannot store his labour to use at another time. So we say labour as a factor of production is highly perishable.