Explain how labour and capital are useful for production?

1.	Explain how labour and capital are useful for production?
Answer» Answer: Labour is the fundamental and active factor of production Labour has IMPORTANT contribution to the production of commodities. ... The supply of Labour cannot QUICKLY adjust to the CHANGE in demand. The wages sometimes rule higher and at other TIMES LOWER than need be. follow me

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Answer:

Labour is the fundamental and active factor of production Labour has IMPORTANT contribution to the production of commodities. ... The supply of Labour cannot QUICKLY adjust to the CHANGE in demand. The wages sometimes rule higher and at other TIMES LOWER than need be.

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Explain how labour and capital are useful for production?

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