In this article we will discuss about:- 1. Meaning of Labour 2. Types of Labour 3. Characteristics 4. Labour- The Most Important Factor of Production 5. Entrepreneur—Special Type of Labour 6. Supply of Labour in an Economy 7. Division. Notes on Labour: Labour is the human resource of production. It indicates the aggregate of all […]
Labour in Economics: Notes, Characteristics, Importance and Supply | Economics
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Division of Labour: Meaning, Types, Effects and Advantages
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In this article we will discuss about:- 1. Definitions of Division of Labour 2. Types of Division of Labour 3. Economic Effects 4. Advantages 5. Disadvantages 6. Conditions. Definitions of Division of Labour: “The system of distributing a particular type of job(s) to a particular type of worker is known as specialization or division of […]
Efficiency of Labour in India: Meaning, Factors and Importance | Economics
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In this article we will discuss about:- 1. Meaning and Definitions of Efficiency of Labour 2. Factors Influencing the Efficiency of Labour 3. Importance 4. Causes of Low Efficiency 5. Suggestions for Improving the Efficiency of Indian Workers. Meaning and Definitions of Efficiency of Labour: By ‘efficiency of labour’ we mean the productive capacity or […]