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xxMikexx [17]
2 years ago
13

Discuss the characteristics of Labour ​

Business
1 answer:
Ymorist [56]2 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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Answer: 1.89%

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The cash flows will then follow each other by year.

Use the =IRR formula to select all the cells and the IRR will show.'

IRR here = 1.89%

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2 years ago
One way products can be categorized is by brand.<br> O a) True<br> Ob) False
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A. True.

Explanation:

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In order to achieve this, they tend to lined up the most popular brands on a place that's close to costumers' eye level on the shelf. The less popular brand will be place on top or lower part of the shelf that's a little bit harder to see.

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2 years ago
A hairdryer manufacturer produced a new model that could dry a person's hair in under five minutes. When customers used this hai
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Answer: Fairness and Honesty

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False and misleading advertising can lead to business failure, hence, Truthfulness about a produt's safety and its quality are also vital to consumers.

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3 years ago
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Answer:

product

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When a company is organized by product, it will structure its whole operation to cater to focus on that one product. This will include the way the arrange their production method, distribution strategy, marketing plan that they implemented, etc.

We can use coca-cola as an example.

They separate the office to cater specific products only. They do this to increase the efficiency of the production. Focusing only on one product  will make it easier for the workers to understand the type of customers that they face in the market and the type of  materials and production method that will be the most cost efficient.

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