Question

What are the four features of labour​

Answer 1

Explanation:

Some of the characteristics are: 1. Labour is original and indispensable factor of production 2. Labour is an active factor of production 3. Labour is perishable than any other commodity 4.

Answer 2

Explanation:

Inter-dependence: - Labour is interdependent on other factors of production. Labour requires land, capital and enterprise to be active in production. Wages/Salary as Reward: - Labour gets wages or salaries as reward for its services. The wages depend upon factors such as (a) Nature of the work.