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Explain briefly the meaning of efficiency of labour. - Economic Applications

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Questions

Explain briefly the meaning of efficiency of labour.

What is meant by efficiency of labour?

What do you understand by efficiency of labour.

Answer in Brief
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Solution

By ‘efficiency of labour’, we mean the productive capacity of a worker to do more work, better work or both during a specified period of time. We know that all workers are not equally efficient. It is usually observed that the labourers working in the same occupation with similar types of tools and equipment, the same type of raw materials and the same working conditions for the same period of time produce not only different quantities of output.

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Chapter 1: Factors of Production - Exercise [Page 31]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 1 Factors of Production
Exercise | Q 7. (i) | Page 31
Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTIONS | Q 11. (a) | Page 117
Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTIONS | Q 12. a | Page 117
Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTION BANK | Q 10. a | Page 119
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