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प्रश्न
How is the supply of labour different from the supply of other goods?
उत्तर
- The supply of labour is inelastic in a country at a particular time. It cannot be increased nor decreased like a supply of other goods.
- For example, if a country has a scarcity of a particular type of worker, its supply cannot be increased within a day, month or year. The supply of labour depends upon the size of the population. The population cannot be increased or decreased quickly.
- Children take time to become workers. The supply of skilled labour (such as doctors, engineers, etc.) can also increase only in the long run by establishing more medical and engineering colleges. However, the supply of labour can be increased if some people enter the country from outside.
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संबंधित प्रश्न
Mention two ways by which producers benefit from the division of labour.
Define or explain the following concept:
Labour
State any two factors that determine the Division of labour.
Which of the following is not an advantage of division of labour?
“Specialization of labour helps the producers in their productive activities and is also beneficial to the workers". Justify the statement with two suitable reasons.
______ is not a disadvantage of division of labour.
There are more possibilities of inventions under ______ of labour.
Explain briefly the meaning of efficiency of labour.
Complete division of labour cannot be implemented for ______.
Explain the following characteristic of labour:
Labour cannot be separated from the labourer.
