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Production Analysis — Economics STD 11 — Question

Tamilnadu BoardEnglish MediumSTD 11EconomicsProduction Analysis3 Marks
Question
State the characteristics of labour.
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Answer

  1. Labour is an active factor of production.
  2. Labour may be manual or intellectual.
  3. Labour is perishable.
  4. Labour is inseparable from the labourer.
  5. Labour is less mobile.
  6. Labour is a means as well as an end.
  7. Labour units are heterogeneous.
  8. Labour has weak bargaining power.

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