Question

What is meant by labour?What are the

features of labour and what is it’s reward?​

Answer 1

Answer:

Labour actually means any type of physical or mental exertion. In economic terms, labour is the efforts exerted to produce any goods or services. It includes all types of human efforts – physical exertion, mental exercise, use of intellect, etc. done in exchange for an economic reward.

Answer 2

Answer:

manual labour

manual labourIn simple meaning by 'Labour' we mean the work done by hard manual labour mostly work done by unskilled worker. But in Economics, the term labour mean manual labour. It includes mental work also. ... In other-words we can say that Labour includes both physical and mental work undertaken for some monetary reward.

features of labour and it’s reward

In economic terms, labour is the efforts exerted to produce any goods or services. It includes all types of human efforts – physical exertion, mental exercise, use of intellect, etc. done in exchange for an economic reward. Let us see the features of labour as a factor of production.