write charateritics of labour
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Answer:
- Labour is Perishable: ...
- Labour cannot be separated from the Labourer: ...
- Less Mobility of Labour: ...
- Weak Bargaining Power of Labour: ...
- Inelastic Supply of labour: ...
- Labourer is a Human being and not a Machine: ...
- A Labourer sells his Labour and not Himself: ...
- Increase in Wages may reduce the Supply of Labour:
Answered by
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hello dear ❤️
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. ...
5] Labour has Poor Bargaining Power. ...
6] Not Easily Mobile. ...
7] Supply of Labour is relatively Inelastic.
I hope it helps you dear ❤️
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