Question

charecters of labour

Answer 1

Characteristics of Labour:

Labour is Perishable: ...

Labour cannot be separated from the Labourer: ...

Less Mobility of Labour: ...

Weak Bargaining Power of Labour: ...

Inelastic Supply of labour: ...

Labourer is a Human being and not a Machine: ...

A Labourer sells his Labour and not Himself: ...

Increase in Wages may reduce the Supply of Labour:

Answer 2

Labour includes both physical and mental work undertaken for some monetary reward. In this way, workers working in factories, services of doctors, advocates, ministers, officers and teachers are all included in labour.



Any physical or mental work which is not undertaken for getting income, but simply to attain pleasure or happiness, is not labour.

For example, the work of a gardener in the garden is called labour, because he gets income for it. But if the same work is done by him in his home garden, it will not be called labour, as he is not paid for that work. So, if a mother brings up her children, a teacher teaches his son and a doctor treats his wife, these activities are not considered ‘labour’ in economics. It is so because these are not done to earn income. According to S.E. Thomas, “Labour connotes all human efforts of body or mind which are undertaken in the expectation of reward.”