Mention any four features of labour as a factor of production
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Cells are the basic building blocks of all living things. The human body is composed of trillions of cells. They provide structure for the body, take in nutrients from food, convert those nutrients into energy, and carry out specialized functions. ... Cells have many parts, each with a different function
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Characteristics of Labour as a Factor of Production
- 1] Perishable in Nature. ...
- Browse more Topics under Theory Of Production And Cost. ...
- 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.
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