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Questions
Explain briefly the meaning of efficiency of labour.
What is meant by efficiency of labour?
What do you understand by efficiency of labour.
Solution
By ‘efficiency of labour’, we mean the productive capacity of a worker to do more work, better work or both during a specified period of time. We know that all workers are not equally efficient. It is usually observed that the labourers working in the same occupation with similar types of tools and equipment, the same type of raw materials and the same working conditions for the same period of time produce not only different quantities of output.
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