State any four characteristics of labour as a factor of production
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labour is the second most important factors of production.
without a labour a production activity can not takes place .
labourer provides labour to production activity.
it's remunaration is wage.
it is a flexible resource.
thnx hope it help u ...
without a labour a production activity can not takes place .
labourer provides labour to production activity.
it's remunaration is wage.
it is a flexible resource.
thnx hope it help u ...
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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
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