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Why is labor an active factor of production?

Updated: 4/28/2022

Wiki User

∙ 6y ago

Best Answer

it can be increased or decreased based upon demand

Ila Harris ∙

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∙ 2y ago

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Continue Learning about Economics

Why is labor considered an active factor of production?

it can be increased or decreased based upon demand

What factor of production is a hammer?

Labor

How does demand of labor affect the level of production?

it affects because labor is the main factor of production so that is to say no labor no production at all

What factor of production does human capital enhance?

Labor

Which factor of production does every person possess?

Labor.

Related questions

Why is labor considered an active factor of production?

it can be increased or decreased based upon demand

What factor of production is a hammer?

Labor

Which one is NOT a Factor of Production?

Labor

How does demand of labor affect the level of production?

it affects because labor is the main factor of production so that is to say no labor no production at all

A person delivering the mail is an example of which factor of production?

labor

What factor of production does human capital enhance?

Labor

A factory supervisor is an example of what factor of production?

labor

Which factor of production does every person possess?

Labor.

Which is the most important factor of production?

land , labor and capital

A factory represents which factor of production?

Labor (L)

How would you classify a movie star as a factor of production?

Labor.

Which factor of production directly concerns the actions of workers?

Labor

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