Question

Explain any 3 features of labour as a factor of production?

Answer 1

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

Answer 2

Answer:

1.It is perishable e.g.,eventually used up

2.It cannot be separated from the producer

3.It is mobile and its quality can be improved

Explanation:

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