Question

Importance of labour in four points​

Answer 1

Answer:

Therefore, important facts regarding Labour are:

(i) Only the work of man is included under Labour. (ii) The physical and mental work undertaken for some monetary reward is included under Labour. (iii) Any work done for entertainment or for self-satisfaction is not included under Labour in economics.

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Answer 2

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(i) Only the work of man is included under Labour.

(ii) The physical and mental work undertaken for some monetary reward is included under Labour.

(iii) Any work done for entertainment or for self-satisfaction is not included under Labour in economics.

(iv) In Economics Labour has no relation with morality.

(v) Any work done by animal or bird is not Labour in Economics.

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