Question

Explain any 3 featu res of labour as a factor of production

Answer 1

1)Labour means Human Exertion
2)A Man's Labour is part of himself:Labour Power 
3)Labour Co-exist:Labour is Perishable
4)Labour has low Bargaining Power
5)Labour has Intelligence and Judgment
6)Labour restricted by Social Factors

choose any of the three

Answer 2

1.labor is an active factor of production. 
2.Efficiency of the labor can be increased through training.
3.Farm laborers come either from landless families or families cultivating small plot of land.
4.Wages are paid to the labor in lieu of the service.
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