Question

the physical and intellectual work done
in return for money is called
1.consumption
2.production
3.labour
4.profit​

Answer 1

Answer:

the physical and intellectual work done

in return for money is called

1.consumption

2.production

3.labour

4.profit

Ans:

2.production

Explanation:

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Answer 2

Answer:

the physical and intellectual work done in return for money is called labour.

Explanation:

A measure of labor is the amount of work that people perform. It is typically compared to other production inputs like land and capital. Some theories emphasize entrepreneurship or human capital (which refers to the skills that workers possess and not necessarily the actual work that they produce). Every individual deserves to be paid fairly for the fruits of his labor. The unemployed cannot stop working because they lack the authority to do so. All people who work for pay, whether as employees, employers, or self-employed people, as well as those who are jobless but looking for work, are considered to be part of the labor force.

Labor economics is the study of the variables influencing these workers' productivity, how they are distributed among various industries and vocations, and how their compensation is decided.

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