Question

Define Labour.

Answer 1

1. Labour is the active factor of production.
2. In common parlance, labour means manual labour or unskilled work. But in Economics the term ‘labour’ has a wider meaning.
3. It refers to any work undertaken for securing an income or reward. Such work may be manual or intellectual. For example, the work done by an agricultural worker or a cook or rickshaw puller or a mason is manual.
4. The work of a doctor or teacher or engineer is intellectual.
5. In short, labour in economics refers to any type of work performed by a labourer for earning an income.