List 5 characteristics of division of labour
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5
Answer:
- Labour is perishable.
- Labour is an active factor of production. Neither land nor capital can yield much without labour.
- Labour is not homogeneous. ...
- Labour cannot be separated from the labourer.
- Labour is mobile. ...
- Individual labour has only limited bargaining power.
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Explanation:
- Labour is perishable.
- Labour is an active factor of production. Neither land nor capital can yield much without labour.
- Labour is not homogeneous. ..
- Labour cannot be separated from the labourer.
- Labour is mobile. ...
- Individual labour has only limited bargaining power.
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