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define labor in an economic way

Sagot :

Labour refers to an aspect of production which is defined as the amount of work done.  This represents the human factor in producing the goods and services of an economy. Below you can read more about the Factors of Production

What are The Factors of production.

The factors of production refers to the resources people use to produce goods and services. These resources are the building blocks of the economy. Factors of production are divided into four major categories

  • Land
  • labor
  • capital
  • entrepreneurship.

Learn more about the Factors of production at https://brainly.com/question/16755022

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