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Give Reason Or Explain: Labour Cannot Be Stored. - Economics

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Question

Give reason or explain:

Labour cannot be stored.

Short/Brief Note
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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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Chapter 7: Factors of Production - Exercise 2 [Page 60]

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Micheal Vaz Economics [English] 12 Standard HSC
Chapter 7 Factors of Production
Exercise 2 | Q 2.2 | Page 60
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