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Labor as a Factor of production?

Updated: 8/22/2023
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Wiki User

10y ago

Best Answer

1) labour is perishable.

2) labour is inseparable.

3) labour power differs from person to person.

4) labour is mobile.

5) indivigual laboyr has weak bargaining power.

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11y ago
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Wiki User

11y ago

1 the reward for labour is wages and salaries

2 labour is a human effort physical or metal

3 labour is skilled or unskilled

4 labour is mobile in nature

5 labour is so crucial

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Wiki User

10y ago

labour is a unique factor of prod bcoz among four labour has only ability to produce.

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