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From course:

Economics A Level (DONEEEEEEE)

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Question:

Summarise Labour [Factors of Production]

Author: eric_galvao



Answer:

-Labour is Work Done by People contributing to the Production Process - the Labour Force -There are also People Capable of Working, and Old Enough, but don't have a Job - Unemployed -People who isn't in Paid Employment, but still provide People's Needs and Wants -Different People have Different Levels of Education, making some people more Valuable - Productive - in the Workplace - Greater Human Capital


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