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Question

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

A
Labour
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B
Commodity
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C
Utility
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D
Physical Capital
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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.

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