Advertisements
Advertisements
Question
State whether the following statement is TRUE and FALSE.
Labour cannot be stored.
Options
True
False
Solution
Labour cannot be stored. - True
Explanation:
Labour includes all the physical and mental efforts of workers. In other words, it is the exertion by the human body and mind with the objective of earning a living. Since we cannot store the mental and physical efforts of workers, we can conclude that labour cannot be stored and used in the future.
APPEARS IN
RELATED QUESTIONS
Give two reasons as to why the division of labour is an advantage to the producer?
Mention two ways by which producers benefit from the division of labour.
Explain four important characteristics of labour as a factor of production.
Mention two factors that determine the supply of labour.
Give reason or explain the following.
Labour cannot be stored.
State whether the following statement is true or false.
Labour is a perishable factor of production.
Rewrite the following sentences by using proper substitute given in the bracket:
Labour is ___________.
Define or explain the following concept:
Labour
State whether the following statement is TRUE and FALSE.
Demand for labour is direct demand.
Mention two ways by which a worker benefits from the division of labour.
Which of the following is considered as labour in economics? Give a reason to support your answer.
- A professor working in a college.
- A social worker serving in an orphanage.
Define: Labour
______ is more perishable than other factors of production.
The Theory of Moral Sentiments was written by ______.
A wealth of Nations book written in the year ______.
The concept Division of Labour was introduced by ______.
Labour cannot be separated from the ______.
How is labour defined in economics?
Define labour as a factor of production.
Indian farmers are an example of ______ type of labour.
Justify the following in brief:
Division of labour encourages large-scale production.
Advantage of division of labour to the workers.
______ is not a disadvantage of division of labour.
The productive capacity of a worker is called as ______.
Efficiency of labour is low in India due to ______.
There are more possibilities of inventions under ______ of labour.
______ of labour is related to division of labour.
Labour is the only ______ factor of production.
______ of labour is advantages to workers as it increases their efficiency, mobility and saves their time and tools.
Labour earns ______ as a factor of production.
The concentration of cotton textile industries in Maharashtra and Gujarat are due to ______ based division of labour.
How is the supply of labour different from the supply of other goods?
What kind of division of labour do we see in the automobile industry?
How does division of labour help in production?
State two differences between labour services provided by a surgeon and a farmer.
State four factors which determine the efficiency of labour.
With respect to the efficiency of labour answer the question that follow.
On what basis can the efficiency of labour be measured?
With respect to division of labour, state the following:
An example of vertical division of labour.
With respect to division of labour, state the following:
Two advantages to the producers.
Differentiate between mental and physical labour.
Differentiate between an entrepreneur and labourer on the basis of the nature of work.
Which of the following statements is TRUE?
Complete division of labour cannot be implemented for ______.
Explain the following characteristic of labour:
Labour cannot be separated from the labourer.
Name two industries where division of labour is possible.
