English

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

Advertisements
Advertisements

Question

State whether the following statement is TRUE and FALSE.

Labour cannot be stored.

Options

  • True

  • False

MCQ
True or False
Advertisements

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.

shaalaa.com
  Is there an error in this question or solution?
Chapter 7: Factors of Production - Exercise 1 [Page 60]

APPEARS IN

Micheal Vaz Economics [English] 12 Standard HSC
Chapter 7 Factors of Production
Exercise 1 | Q 3.3 | Page 60
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×