Question

What does "Labour" refer to in the context of production?

Options

• Human effort, whether paid or unpaid

• Only physical effort

• Human effort (physical or mental) used for producing goods and services

• Machines used in factories

Answer 1

Human effort (physical or mental) used for producing goods and services

Explanation:

Labour includes both physical and mental work done by people to produce goods and services, but only when they are paid for it.