Advertisements
Advertisements
Question
Write short note :
Features of labour.
Solution
(i) Inseparable from the body of the worker : Labour and his work always goes together. Hence, labourer must present himself where he suppose to render his services.
(ii) Human and active factor of production : Labour being a human factor has feelings, likes and dislikes. Therefore, he cannot be treated as a machine. Other factors become productive only after the application of labour. So, labour is the most active factor of production.
(iii) Labourer sells his labour and not himself : As quoted by Alfred Marshall, “the worker sells his labour, but he himself remains his own property,” The worker does not sell himself. He sells his labour only.
(iv) Restricted mobility : According to Adam Smith, “Of all the luggage’s, the labour is the most difficult to be transported.” Labour can move from one country to another country in the same way. Labour can change his business easily, but due to the family attachment, housing problems, climate etc., restricts geographic mobility of labour.
APPEARS IN
RELATED QUESTIONS
Define labour.
Explain four important characteristics of labour as a factor of production.
State Distinguish between the simple division of labour and complex division of labour?
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 ___________.
Mention two ways by which a worker benefits from the division of labour.
______ is the human input into the production process.
______ cannot be stored.
Mention the characteristics of Labour.
The concept Division of Labour was introduced by ______.
Which factor out of the following serves as the primary source of consumption?
______ is an example of the geographical division of labour.
Efficiency of labour is low in India due to ______.
The demand for labour is ______.
______ of labour is related to division of labour.
Labourers get ______ for the task they perform, whereas entrepreneurs hope to get ______ for the risk they take in a business.
Labour earns ______ as a factor of production.
What kind of division of labour do we see in the automobile industry?
Define 'efficiency of labour'.
Give two limitations of a division of labour.
Explain briefly the meaning of efficiency of labour.
With respect to division of labour, state the following:
Two disadvantages to the workers.
Observe the relationship of the first pair of words and complete the second pair.
Chartered Accountant : Skilled labour
Welder ______.
Complete division of labour cannot be implemented for ______.
Explain the following characteristic of labour:
Labour cannot be separated from the labourer.
Give the different forms of division of labour.
