how labor is important for production
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Labour is the fundamental and active factor of production Labour has important contribution to the production of commodities. ... Therefore, Karl Marx has said—”Capital is the collective shape of Labour performed in the past. Land which has been made for productive purposes is the important effort of Labour”
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Answer: importance of Labour in Production: Labour is the fundamental and active factor of production Labour has important contribution to the production of commodities. Labour is the exertion of mind and body undertaken with a view to some goods other than the pleasure directly derived from the work.
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