Write any four characteristics of labour as a factor of products
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Labour is an active factor of production.
Efficiency of the labour can be increased through proper training.
Farm labourers come either from landless families or families having only a small plot for cultivation.
Wages are given to the labour in return of the work they do.
Efficiency of the labour can be increased through proper training.
Farm labourers come either from landless families or families having only a small plot for cultivation.
Wages are given to the labour in return of the work they do.
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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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