Question

mention any four characteristics of labour a facter of production ??

Answer 1

1 Labour is Perishable:
The labour power withheld once is lost forever and cannot be stored. .
2 Labour has low Bargaining Power:
3 Labour has Intelligence and Judgme
.4 Efficiency of the Labour can be Increase
5 Labour have Decision Power:

Answer 2

Answer:

Characteristics of Labour as a Factor of Production

1] Perishable in Nature

2] Labour is Inseparable from the Labourer

3] Human Effort

4] Labour is Heterogeneous