Question

Characteristics of labour as a factor of production

Answer 1

Answer:

Labour is an active factor of production:

Explanation:

Land and capital are considered as the passive factor of production, because they alone cannot start the production process. Production from land and capital starts only when a man makes efforts. Production begins with the active participation of man.

Answer 2

Answer:

Characteristics of Labour as a Factor of Production

1] Perishable in Nature

2] Labour is Inseparable from the Labourer

3] Human Effort

4] Labour is Heterogeneous