Question

If a labourer does not work for a day, his one day 's work will be lost forever.

It implies:

"If a labourer does not work for a day, his labour for that one day's work will be lost forever." Which characteristic of a labour is expressed. In this statement?

Options

• Labour is less mobile.

• Labour is perishable.

• Labour is less efficient.

• Labour is sensitive in nature.

• Labour is mobile.

• Labour is an active factor.

• Labour supply varies over time.

Answer 1

Labour is perishable.

Explanation: 

• Labour cannot be kept, hence it is perishable.
• Given that labour is time, a worker who misses one day of work will never get it back. It is perishable because it is sensitive.