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Is labour a major factor for business production.
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[QUOTE="blessingc, post: 247447, member: 73446"] [JUSTIFY][SIZE=18px][FONT=Times New Roman]As we were taught from our basic education and we all know practically, labour is a very important factor of production, a business without labour does not really exist and if it does I haven't heard of one before. Now in the factors of production we we taught that there are four parts, the land, labour, capital and entrepreneurship. Having a land, that is a location for your business and the capital to start it is not all there must be hands to make use of your resources into something profitable, you need people to work. You need active minds and physical bodies to join forces and implement actions on your business that will bring forth gain. Like we know there are different types of labour with different contributions, there's the physical labour, mental labour, skilled and unskilled labour, the productive and the unproductive labour. The physical one as the name implies exacts strength and action to make things work, like they contribute to production with their hands and action, while the mental make use of their brain, calculations, written works office jobs, to contribute to production, The skilled labour as the name implies means being trained in a specific way to perform specific tasks to make production effective. Infact aside the income we use in starting up a business, and the land, except it is an extra small business that doesn't require any worker just you, you need labour for production to be effective.[/FONT][/SIZE][/JUSTIFY] [/QUOTE]
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Is labour a major factor for business production.
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