Question

explain three features of labour as a factor of production​

Answer 1

Answer:

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Explanation:

(i)Labour is a vital factor of production. Wages are paid to the labour in lieu of the service. (ii)Efficiency of the labour can be increased through training. (iii)Farm Labourers come either from landless families or families cultivating small plots of land.

Answer 2

Answer:

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Explanation:

(i)Labour is a vital factor of production. Wages are paid to the labour in lieu of the service. (ii)Efficiency of the labour can be increased through training. (iii)Farm Labourers come either from landless families or families cultivating small plots of land.