Difference between revisions of "Labor"
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'''Labour''' is a term in [[economics]] that has two separate meanings: | '''Labour''' is a term in [[economics]] that has two separate meanings: | ||
| − | * | + | *labor is a [[factor of production]] consisting of hired workers whose efforts increase production. See: [[Labor force]] and [[Labor productivity]] |
*labour consists of all personal services, including wage-workers, managers and the self-employed | *labour consists of all personal services, including wage-workers, managers and the self-employed | ||
| Line 11: | Line 11: | ||
[[Category:Labor]] | [[Category:Labor]] | ||
[[Category:Economics]] | [[Category:Economics]] | ||
| − | [[Category:Factors and | + | [[Category:Factors and Methods of Production]] |
Latest revision as of 00:21, February 6, 2024
Labour is a term in economics that has two separate meanings:
- labor is a factor of production consisting of hired workers whose efforts increase production. See: Labor force and Labor productivity
- labour consists of all personal services, including wage-workers, managers and the self-employed
