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Is labour a major factor for business production.
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[QUOTE="Augusta, post: 247405, member: 25283"] I think the 4 components of production should always be employed anytime one wants to start a production business. I don't think any factor can really do without the other but I might just have to write that some of the factors perform more roles than others, hence the more need of it. Looking at the different factors of production I think labor is the most outstanding because starting from even the owner of the business, it is his efforts that would be put in by him or her that will even help to kick start the business before the arrival of others. And we called that labor since a lot of work will need to be put in by the owner. Now when the production tools are being brought to the business premises, it is still humans that will operate these tools or machines without this labor nothing can be done.Machines can't start and stop on its own it will still needs to be operated by humans, the difference is that it will be less cumbersome since some might just be automatic so operating them might not be tedious. But all the same labor is factor of production that can't be downplayed. [/QUOTE]
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Is labour a major factor for business production.
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