Question

Describe the various features of industrial labour in India.

Answer 1

A very noticeable feature of the economic life of the industrial workers in India was that they were generally in debt. This fact was referred to by various labour committees and commissions which were set up from time ...

Answer 2

Features of industrial labour in India:

• Labour is Perishable
• Weak Bargaining Power of Labour
• Increase in Wages may reduce the Supply of Labour

Explanation:

• Labour is Perishable: It indicates that labour cannot be stored.

• The labour of an unemployed worker is lost forever for that day when he does not work. Labour can neither be 'postponed nor accumulated for the next day'.

• Weak Bargaining Power of Labour: The ability of the user to 'purchase goods' at the cheapest price and the ability of the seller to sell his goods at the largest price is called the bargaining power.

• Increase in Wages may reduce the Supply of Labour: The 'supply of goods increases', when their money increase, but the 'supply of labourers decreases', when their wages are increased.

• The Industrial Labour is nothing but the workers who are working in the industries, factories, mines, transportation of goods, construction sites, fields, etc.

• They will get the money or salary as either daily wages or as monthly salary depending on the place they work.

• Their wages were increased due to the sudden rise in the expenses of all the daily products due to the war.

Learn more about labour

The fundamental right that prohibits begar and forced labour

https://brainly.in/question/1437586

Describe the condition of endangered labour that migrated from india during the 19th century

https://brainly.in/question/9273162