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Briefly explain why labour is considered to be the means and end of production. - Economic Applications

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प्रश्न

Briefly explain why labour is considered to be the means and end of production.

एक पंक्ति में उत्तर

उत्तर

A labourer is both a means of production as well as the end of it. He produces goods and also consumes them. The demand for goods largely depends upon the level of wages in the country.

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Characteristics of Labour
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अध्याय 4: Factors of Production - QUESTIONS [पृष्ठ ११४]

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गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 4 Factors of Production
QUESTIONS | Q 15. | पृष्ठ ११४
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