Economy, asked by sungvaibhavi, 5 days ago

State with reason, whether you agree or disagree: labour is the only factor of production

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Answered by chauhanmc1290

Yes, the statement given above is correct. This is because labour refers to the people who actually use the land and capital to produce goods. It refers to the exertion by the human body and mind with the objective of earning a living.

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State with reason, whether you agree or disagree: labour is the only factor of production ​

Answers

State with reason, whether you agree or disagree: labour is the only factor of production