Mention any four charactristics of labour
Answers
Answer:
1] Perishable in Nature. ...
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2] Labour is Inseparable from the Labourer. ...
3] Human Effort. ...
4] Labour is Heterogeneous. ...
5] Labour has Poor Bargaining Power. ...
6] Not Easily Mobile. ...
7] Supply of Labour is relatively Inelastic.
Explanation:
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Answer:
1 . Labour is Perishable:
Labour is more perishable than other factors of production. It means labour cannot be stored. The labour of an unemployed worker is lost forever for that day when he does not work. Labour can neither be postponed nor accumulated for the next day. It will perish. Once time is lost, it is lost forever.
2. Labour cannot be separated from the Labourer:
Land and capital can be separated from their owner, but labour cannot he separated from a labourer. Labour and labourer are indispensable for each other. For example, it is not possible to bring the ability of a teacher to teach in the school, leaving the teacher at home. The labour of a teacher can work only if he himself is present in the class. Therefore, labour and labourer cannot be separated from each other.
3. Less Mobility of Labour:
As compared to capital and other goods, labour is less mobile. Capital can be easily transported from one place to other, but labour cannot be transported easily from its present place to other places. A labourer is not ready to go too far off places leaving his native place. Therefore, labour has less mobility.
4. Weak Bargaining Power of Labour:
The ability of the buyer to purchase goods at the lowest price and the ability of the seller to sell his goods at the highest possible price is called the bargaining power. A labourer sells his labour for wages and an employer purchases labour by paying wages. Labourers have a very weak bargaining power, because their labour cannot be stored and they are poor, ignorant and less organised.
5.Labourer is a Human being and not a Machine:
Every labourer has his own tastes, habits and feelings. Therefore, labourers cannot be made to work like machines. Labourers cannot work round the clock like machines. After continuous work for a few hours, leisure is essential for them.
6. A Labourer sells his Labour and not Himself:
A labourer sells his labour for wages and not himself. ‘The worker sells work but he himself remains his own property’. For example, when we purchase an animal, we become owners of the services as well as the body of that animal. But we cannot become the owner of a labourer in this sense.