Difference between revisions of "Labor"
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(New page: Labor is a term in economics that has two separate meanings: *labor is a factor of production consisting of hired workers whose efforts increase production *labor consists of all...) |
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| − | + | Labour is a term in [[economics]] that has two separate meanings: | |
| − | * | + | *labour is a [[factor of production]] consisting of hired workers whose efforts increase production |
| − | * | + | *labour consists of all personal services, including wage-workers, managers and the self-employed |
[[category:economics]] | [[category:economics]] | ||
Revision as of 04:53, November 5, 2007
Labour is a term in economics that has two separate meanings:
- labour is a factor of production consisting of hired workers whose efforts increase production
- labour consists of all personal services, including wage-workers, managers and the self-employed