MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

GDP

We define lab...

Question

We define labour as human efforts used in production. Who gave this definition of labour?

A

Prof. Marshall

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Prof. Jevons

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

S. E. Thomas

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Waugh

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Waugh
According to Waugh, “we define labour as human efforts used in production”, which means that labour is the totality of efforts of the workers in production of a good or a service.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Labour connotes all human efforts of body or mind which are undertaken in the expectation of reward. This is a definition of labour by _____________.

Q. "Capital is the produced means of production". Who gave this definition?

Q. Labour is any exertion of mind or body undertaken partly or wholly with a view to some good other than the pleasure derived directly from the work. Who gave this definition of labour?

Q. "Economics is the Science of Wealth." Who gave this definition?

Q. Who gave the following definition?
"Economic Growth can be defined as an increase in overtime in per capita output of material goods".

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Introduction to Employment

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon