Maharashtra State BoardHSC Commerce 12th Board Exam
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Give Reason Or Explain: Labour Cannot Be Stored. - Economics

Short Note

Give reason or explain:

Labour cannot be stored.

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Solution

Labour refers to the people who actually use the land and capital to produce goods. It is the exertion by the human body and mind, with the objective of earning a living. Since we cannot store the mental and physical efforts, we can conclude that labour cannot be stored and used in the future.

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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 7 Factors of Production
Exercise | Q 2.2 | Page 60
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