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xxMikexx [17]
3 years ago
13

Discuss the characteristics of Labour ​

Business
1 answer:
Ymorist [56]3 years ago
4 0

Some of the characteristics are:

1. Labour is original and indispensable factor of production

2. Labour is an active factor of production

3. Labour is perishable than any other commodity 4. Labour cannot be separated from the labourer and Others.

Characteristics

1. Labour is original and indispensable factor of production:

Labour is original and indispensable factor of production without it the work of production is not possible.

2. Labour is an active factor of production:

Land and capital are considered as the passive factor of production, because they alone cannot start the production process. Production from land and capital starts only when a man makes efforts. Production begins with the active participation of man

3. Labour is perishable than any other commodity:

Labour is more perishable than other factors of production. It means Labour cannot be stored. The Labour of an unemployed worker is lost forever for that day when he does not work.

4. Labour cannot be separated from the labourer:

Land and capital can be separated from their owner, but Labour cannot be separated from a labourer. Labour and labourer are indispensable for each other. For example—It is not possible to bring the ability of a teacher to teach in the school, leaving the teacher at home. The labour of a teacher can work only if he himself is present in the class.

Explanation:

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ikadub [295]
<span>The options were a. social. b. economic. c. technological. d. competitive. e. regulatory The answer to this question is economic force As the change in prices of oil results in change in price so we can say that price of one commodity affected other so it was an economic force that lead to change of other variable the economic force here being price of oil.</span>
3 0
3 years ago
A part-time worker earned five times as much in september as in each of the other months. what part of the worker's earnings was
amid [387]

Answer: 5/16

Given:

A part-time worker earned five times as much in September as in each of the other months

Solution:

There are 12 months in a year. During September, a part-time worker earned fives times as much as the other months.  

By letting 1= worker’s earnings in a month, earnings  in a year X would be:

X= (11+5)

X=16

worker's earnings for September would be:

5/16


8 0
4 years ago
True or False Liability protection covers both personal liability and the medical expenses of anyone accidentally injured on you
kifflom [539]

Answer:

True

Explanation:

Homeowner's personal liability insurance protects against personal accidents that can happen in your house as long as they are not intentional. The coverage includes accidents that happen to visitors including:

  • medical bills
  • pain and suffering
  • lost wages
  • death benefits
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3 0
4 years ago
The principle of risk-return trade-off means that Group of answer choices a rational investor will only take on higher risk if h
lianna [129]

Answer:

a rational investor will only take on higher risk if he expects a higher return.

Explanation:

Rate of return can be defined as the percentage of interest or dividends earned on money that is invested.

In Financial accounting, a return refers to the amount of profit generated by an investor on an investment over a specific period of time.

Basically, the rate of return which is typically expressed as a percentage of the initial costs of an investment can either be a gain or a loss on an investment. Therefore, a positive rate of return on an investment over a specific period of time, simply means that an investor is making a profit (gains) while a negative rate of return on an investment over a specific period of time, indicates that the investor is running at a loss.

Hence, the rate of return is used as a long-term decision-making tool to determine whether or not an investment is worth it.

Thus, the principle of risk-return trade-off means that a rational investor will only take on higher risk if he expects a higher return.

8 0
3 years ago
On January​ 2, 2019, Konrad Corporation acquired equipment for $ 850 comma 000. The estimated life of the equipment is 5 years o
Grace [21]

Answer:

The depreciation expense for the year under units of production method is $ 132,000

Explanation:

Computation of depreciation expense under the units of production method

Total cost of equipment                                                     $ 850,000

Salvage value of equipment                                              <u>$ (   14,000)</u>

Depreciable basis                                                               $ 836,000

Estimated useful life in hours                                                   38,000

Depreciation per hour of usage $ 836,000 / 38,000      $ 22 per hour used

Total usage during the year                                                    6000 hours

Depreciation expense  6000 hours * $ 22 per hour          $ 132,000                                        

3 0
4 years ago
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