Labour

Agricultural Science

LABOUR

Labour includes all forms of productive human efforts put into or utilized in production. It also refers to man’s mental and physical exertions generated in the process of production. Features of Labour (i)         Labour is also one of the factors of production (ii)        Human efforts can be intellectual or mental, manual or physical, provided it […]

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economics

LABOUR AS A FACTOR OF PRODUCTION

Labour may be defined as all forms of human efforts both mental and physical efforts put towards the production of goods and services. It is one of the variables factors of production cannot take place without the utilization of labour. The reward of labour is in the form of wages and salaries.  CHARACTERISTICS OF LABOURS

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Agricultural Science

LABOUR

Labour includes all forms of productive human efforts put into or utilized in production. It also refers to man’s mental and physical exertions generated to aid the process of production. FEATURES OF LABOUR it is mobile it feelings and cannot be used anyhow. the unit of labour is man-hours or man-days. the reward of labour

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Business Studies

FACTORS OF PRODUCTION

Meaning of factors of Productions For the activities of production to take place, factors must be available.These are the things that make  the production of goods and services possible; hence they are called factors or agents of production. They are; Land Labour Capital and Enterpreneur These factors supply the money, physical effort, land or place

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