Maharashtra State BoardHSC Commerce 12th Board Exam
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State Whether the Following Statement is True and False. Labour Cannot Be Stored. - Economics

True or False

State whether the following statement is TRUE and FALSE.

Labour cannot be stored.


  • True

  • False

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Labour cannot be stored. - True
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.

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Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 7 Factors of Production
Exercise | Q 3.3 | Page 60
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