Question

can anyone tell me that how labour is a impo factor of production​

Answer 1

Answer:

Labour is an active factor of production. It is the factor that starts production. Land and Capital alone cannot start production, so they are passive factors. They need the active factor of production, i.e. labour to be productive themselves

Answer 2

The second important one is labour.

Labour means people who work in the factories for the output.

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