Give reasons or explain the following statement:
Labour cannot be stored.

Open in App

Solution

Labour cannot be stored. It means that it is perishable in nature.

This simply means that it has to storage capacity, i.e. labour cannot be stored. If a worker does not turn up to work for one shift his labour of that shift is lost completely. It cannot be stored and utilized the next day. That labour is lost permanently. A laborer cannot store his labour to use at another time.
So we say labour as a factor of production is highly perishable.

Suggest Corrections

Similar questions

Q. Give reasons or explain:

1. The entrepreneur is called a leader of the organization.

2. Labour cannot be stored.

3. The supply of land is inelastic.

4. Raw material is considered as a variable capital.

In the following questions a statement of Assertion (A) followed by a statement of Reason (R) is given. Choose the correct answer out of the following choices.
(a) Assertion and reason both are correct statements and reason explains the assertion.
(b) Both assertion and reason are wrong statements.
(c) Assertion is correct statement and reason is wrong statement.
(d) Assertion is wrong statement and reason is correct statement.
(e) Assertion and reason both are correct statements but reason does not explain assertion.
Assertion (A) Vitamin D can be stored in our body.
Reason (R) Vitamin D is fat soluble vitamin.

Q. Are the following statements true or false? Give reasons.
Value of average propensity to save can never be less than zero.

Q. Check whether

\frac{7}{6}

can be an empirical probability or not. Give reasons.

Q. Can pickles be stored in plastic containers? Give reason for your answer.

Join BYJU'S Learning Program

Give reasons or explain the following statement:Labour cannot be stored.

Give reasons or explain the following statement:
Labour cannot be stored.