Question

The essential characteristic of labour as a factor of production includes _______.

• A. varied skill and productivity
• B. complete mobility
• C. highly perishable
• D. all of the above

Answer 1

The correct option is D all of the above

1) Labour varies vividly in terms of skill as all humans cannot possess same skill and thus,in turn productivity varies too.

2) Labour possess mobility unlike land,that is, it can be moved from one place to another according to the demand of labour.

3)Labour is also highly perishable that is, skill ,knowledge and innovative ideas of humans vary over time.