Question

impoertance of labour factor

Answer 1

Labour is a very important factor .
without Labour nothing is possible.
Labour is needed for everything including agriculture, construction, etc.
Labour is the one required to do every work.

Answer 2

out of several factors required for production of goods and services,,like land labour capital risk...labour is one of them....cost and availability of this factor will decide the cost of ggods and services produced....thats why companies want to set their project where cheap labourers are available...