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What are the main characteristics of labor as a factor of production?

      

What are the main characteristics of labor as a factor of production?

  

Answers


joseph
a. It is a basic factor of production
b. It cannot be stored, idleness means waste of labor, it is perishable.
c. Labor cannot be separated from the laborers.
d. Laborers sell their labor and not themselves.
e. It is human, with the ability to think and capacity to be annoyed.
f. Labor is mobile.

joseph rimiru answered the question on November 21, 2017 at 20:09


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