Write any four characteristics of labour as a factor of production
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Labour is perishableIt cannot be seperated from the labourer.It is an active factor of production.Labour is less mobile and is inelastic.
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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
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