Question

write a short note about the features of labour​

Answer 1

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A labourer carries his labour everywhere he goes. Bargaining power of labour - It is the ability of buyer to purchase articles at least price and that of seller to a higher price is called work bargaining power. A labourer sells his labour for wages and the employer buys by compensating money.♡

Answer 2

Labour has some characteristic features. ... A labourer sells his labour for wages and the employer buys by compensating money. Inelastic supply of labour - In any particular time period, the elasticity of supply is inelastic in any nation. It means their supply can neither be raised nor subsided.