LABOUR

CONTENT

  1. Definition of Labour
  2. The Labour Force
  3. Efficiency of Labour
  4. Mobility of Labour
  5. Factors Affecting the Size of the Labour Force of a Country

 

Definition of Labour

Labour can be defined as all human efforts of any kind, skilled or unskilled, mental or manual, directed towards the production of goods and services.

The Labour Force

Labour Force may be defined as the total number of people available, capable and willing to supply the labour for the production of economic goods and services. It consists of those who have jobs or who are seeking for jobs in the labour market. They are normally found between the age brackets of 18 to 60 years.

EVALUATION

  1. Define Labour
  2. Explain the term “Labour Force”
  3. Mention the age bracket of Labour of labour force

 

Efficiency of Labour

Efficiency of labour may be defined as the extent or degree to which labour can be combined with other factors of production to yield maximum output.

Lesson tags: Economics Lesson Notes, Economics Objective Questions, SS2 Economics, SS2 Economics Evaluation Questions, SS2 Economics Evaluation Questions First Term, SS2 Economics First Term, SS2 Economics Objective Questions, SS2 Economics Objective Questions First Term
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