wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

The physical and intellectual effort put in by individuals in exchange for money can be termed as:

A
Labour
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Commodity
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Utility
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Physical Capital
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Labour
The physical and intellectual effort put in by individuals in exchange for money is called 'labour'. It is an active factor in the production of a product. The manpower behind labour can be enhanced by training and education.

flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Production and the Various Factors
GEOGRAPHY
Watch in App
Join BYJU'S Learning Program
CrossIcon