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Questions
If a labourer does not work for a day, his one day 's work will be lost forever.
It implies:
"If a labourer does not work for a day, his labour for that one day's work will be lost forever." Which characteristic of a labour is expressed. In this statement?
Options
Labour is less mobile.
Labour is perishable.
Labour is less efficient.
Labour is sensitive in nature.
Labour is mobile.
Labour is an active factor.
Labour supply varies over time.
Solution
Labour is perishable.
Explanation:
- Labour cannot be kept, hence it is perishable.
- Given that labour is time, a worker who misses one day of work will never get it back. It is perishable because it is sensitive.
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