Maharashtra State BoardHSC Commerce 12th Board Exam
Advertisement Remove all ads

Define Or Explain the Following Concept: Labour - Economics

Short Note

Define or explain the following concept:

Labour

Advertisement Remove all ads

Solution

Labour refers to the people who actually use the land and capital to produce goods. It includes all physical and mental efforts of workers, employees, managers etc. In other words, the exertion by the human body and mind, with the objective of earning a living, is known as labour.

  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 7 Factors of Production
Exercise | Q 1.3 | Page 60
Advertisement Remove all ads

Video TutorialsVIEW ALL [1]

Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×