Discuss the features of the labour policy.
Answers
The following points highlight the top fourteen characteristics of labour in economics.
1. Labour is original and indispensable factor of production:
2. Labour is an active factor of production:
3. Labour is perishable than any other commodity:
4. Labour cannot be separated from the labourer:
5. Labour is less mobile:
6. Labour supply is inelastic:
7. A labourer sells his labour and not himself:
8. Labour has weak bargaining power:
9. Labour is both the beginning and the end of production:
10. Efficiency of labour differs:
11. Labour cannot be engaged continuously in production like machine:
12. Labour creates capital:
13. It is difficult to calculate the cost of production of labour
14. Labour has no tangible form:
police typically are responsible for maintaining public order and safety, enforcting the law ,and preventing ,detecting and investigating criminals activities. These functions are known as policing. .... The police play a primary role in the investigation. They are responsible for interrogating suspects. ....