BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Meaning of Labour: Labour always indicates some kind of ‘mental’ or ‘physical’ exertion undertaken with a motive to earn money. Any effort or exertion undertaken for the sake of pleasure or social service is not considered as labour. . The work done by machines or animals is not ‘labour’.

Detailed explanation-2: -The labour force comprises all those who work for gain, whether as employees, employers, or as self-employed, and it includes the unemployed who are seeking work.

Detailed explanation-3: -What are the four types of labor in economics? The four types of labor in economics are skilled, unskilled, semi-skilled, and professional.

Detailed explanation-4: -Labour means Daily wage mannual labour engaged for work. the office staff as employees. called as workman. Workmen means group of workers.