• Mention the unique features of labour
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Explanation:
Characteristics of Labour as a Factor of Production
- Perishable in Nature.
- Browse more Topics under Theory Of Production And Cost.
- Labour is Inseparable from the Labourer.
- Human Effort.
- Labour is Heterogeneous.
- Labour has Poor Bargaining Power.
- Not Easily Mobile.
- Supply of Labour is relatively Inelastic.
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Education and Health Services
(2) Economic growth and Economic development
(3) Agriculture sector and Service sector
(4) Economic Infrastructure and Social Infrastructure
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