Understanding Features of Labour as a factor if production

What are the Features of Labour as a factor of production? (Business Studies)

/

/


What follows are answers to the question; what are the features of labor as factor of production.

Understanding Features of Labour as a factor if production
Understanding Features of Labour as a factor if production/Photo of Men at Work by skeeze

What is Laboour?

Labor is a basic factor of production. That is, it is used to produce goods and services.

List of Features of Labour as a factor of production

Below is a list of features of Labour;

  1. Labour is perishable: It cannot be stored
  2. Labour is not separable from the labourer
  3. The quality of Labour is variable
  4. Labour is mobile: It Can move from one place to another
  5. Labor earns salary or wages
  6. Labour is a basic or primary factor of production

Business Revision Questions

You can past paper with Business Studies Revision Questions and answers from Muthurwa.com

Do not miss all our latest questions and answers about Labour as a factor if production

Follow us on Twitter: @kenyayote1 or Facebook: @kenyayote

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php