Question

write any four characteristic of labour as a factor of production

Answer 1

Answer:

HERE ARE THE EXAMPLES:

Explanation:

Characteristics # 1. Labour is original and indispensable factor of production:

Labour is original and indispensable factor of production without it the work of production is not possible.

Labour is very important means in comparison to other means of production. It is because of Labour the use of land and other natural means is possible. In production work Labour plays active role.

Characteristics # 2. Labour is an active factor of production:

Land and capital are considered as the passive factor of production, because they alone cannot start the production process. Production from land and capital starts only when a man makes efforts. Production begins with the active participation of man. Therefore, Labour is an active factor of production.

Characteristics # 3. Labour is perishable than any other commodity:

Labour is more perishable than other factors of production. It means Labour cannot be stored. The Labour of an unemployed worker is lost forever for that day when he does not work. Labour can neither be postponed nor accumulated for the next day. It will perish. Once time is lost, it is lost forever.

Characteristics # 4. Labour cannot be separated from the labourer:

Land and capital can be separated from their owner, but Labour cannot be separated from a labourer. Labour and labourer are indispensable for each other. For example—It is not possible to bring the ability of a teacher to teach in the school, leaving the teacher at home. The labour of a teacher can work only if he himself is present in the class. Therefore, Labour and labourer cannot be separated from each other.

Answer 2

Answer:

Characteristics of Labour as a Factor of Production

1] Perishable in Nature

2] Labour is Inseparable from the Labourer

3] Human Effort

4] Labour is Heterogeneous