write a short note on labour and its type in economics
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In 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.
In this way, workers working in factories, services of doctors, advocates, officers and teachers are all included in labour. Any physical or mental work which is not undertaken for getting income, but simply to attain pleasure or happiness, is not labour.
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.
In this way, workers working in factories, services of doctors, advocates, officers and teachers are all included in labour. Any physical or mental work which is not undertaken for getting income, but simply to attain pleasure or happiness, is not labour.
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