Q1 A of 15 Page 137

Fill in the blanks with suitable words:

Labour is a _________ input in production.


Human input


Explanation


Labour is the very important factor of input which is used in the production process. Production cannot be carried on without the human labour. When the machines are used in place of the labour it is said to be capital. Even the production firm is capital intensive there will be need of human labour for the operation of the capital.


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