GeorgeBarham GeorgeBarham
  • 09-09-2021
  • Business
contestada

In what industry is labour likely to be the most important factor of production

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chanotma
chanotma chanotma
  • 10-09-2021

Answer:

Labour is an active factor of production. It is the factor that starts production. Land and Capital alone cannot start production, so they are passive factors. They need the active factor of production, i.e. labour to be productive themselves.

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