Download App

Production Analysis — Economics STD 11 — Question

Tamilnadu BoardEnglish MediumSTD 11EconomicsProduction Analysis2 Marks
Question
What are the characteristics of labour?
✓

Answer

  1. Labour is the animate factor of production.
  2. Labour is an active factor of production.
  3. Labour implies several types: It may be manual [farmer] or intellectual [teacher, lawyer, etc]
  4. Labour is perishable.
  5. Labour is inseparable from the labourer.
  6. Labour is less mobile between places and occupations.
  7. Labour is a means as well as an end. It is both the cause of production and the consumer of the product.
  8. Labour units are heterogeneous.
  9. Labour differs inability.
  10. Labour – supply determines its reward [wage]
  11. Labour has weak bargaining power.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "[ 2 Marks Questions ]" from Production Analysis→Production Analysis — all question types→Economics STD 11 question papers→Tamilnadu Board STD 11 question papers→Tamilnadu Board question paper generator→

Similar questions

What are the characteristics of capital?
→
What are Iso-quants?
→
Define normative economics?
→
What is the slope of a straight line ?
→
What is unemployment?
→
Define modern theory of rent.
→
Name the classification of public sector banks.
→
Why is Sivakasi called Little Japan?
→
Explain monopoly.
→
Write a note on small manufacturing enterprises
→