Question

State six characteristics of labour as a factor of production

Answer 1

1. It’s a basic factor of production
2. Cannot be stored , effort is wasted if if a labourer is idle
3. Labour cannot be separated from the labourer
4. Labourers sell their labour and not themselves
5. It is human with ability to think and capacity to get annoyed
6. Labour is mobile, a labourer can move from place to place of from one job to another