Advertisements
Advertisements
Question
Labour earns ______ as a factor of production.
Options
Interest
Wages
Rent
Interest
MCQ
Fill in the Blanks
Solution
Labour earns wages as a factor of production.
Explanation:
- Labour earns wages as a factor of production, which is the payment made to workers for their services and effort in the production process.
- Wages compensate labourers for their time and skills contributed to creating goods and services.
shaalaa.com
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Define labour.
Give reason or explain the following.
Labour cannot be stored.
Give reason or explain:
Labour cannot be stored.
______ cannot be separate for the labourer.
The productive capacity of a worker is called as ______.
Labourers have ______ bargaining power.
Labour is a/an ______ factor of production.
With respect to division of labour, state the following:
Two advantages to the producers.
With respect to division of labour, state the following:
Two disadvantages to the workers.
Give the different forms of division of labour.
