How labour is the second factor of production give brief answer

1.	How labour is the second factor of production give brief answer
Answer» Answer: Labor refers to the effort expended by an individual to bring a product or service to the market. Again, it can TAKE on various forms. For example, the construction worker at a hotel SITE is part of labor as is the waiter who serves guests or the receptionist who enrolls them into the hotel. Within the software industry, labor refers to the work DONE by project managers and developers in building the FINAL product. Even an artist involved in making art, whether it is a painting or a symphony, is considered labor.

Answer»

Answer:

Labor refers to the effort expended by an individual to bring a product or service to the market. Again, it can TAKE on various forms. For example, the construction worker at a hotel SITE is part of labor as is the waiter who serves guests or the receptionist who enrolls them into the hotel.

Within the software industry, labor refers to the work DONE by project managers and developers in building the FINAL product. Even an artist involved in making art, whether it is a painting or a symphony, is considered labor.

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