State Whether the Following Statement is True and False. Labour Cannot Be Stored. - Economics

MCQ

True or False

State whether the following statement is TRUE and FALSE.

Labour cannot be stored.

Options

True
False

Solution

Labour cannot be stored. - True
Explanation:
Labour includes all the physical and mental efforts of workers. In other words, 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 of workers, we can conclude that labour cannot be stored and used in the future.

Concept: Factors of Production - Labour

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Chapter 7: Factors of Production - Exercise [Page 60]

Q 3.3 Q 3.2 Q 3.4

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