ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Labor
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Credit
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Income
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Salary
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Detailed explanation-1: -1 of 2 noun. la·bor ˈlā-bər. : physical or mental effort especially when hard or required : toil, work. : the services performed by workers for wages. : those who do labor for wages.
Detailed explanation-2: -Labor is the amount of physical, mental, and social effort used to produce goods and services in an economy. It supplies the expertise, manpower, and service needed to turn raw materials into finished products and services.
Detailed explanation-3: -A laborer (or labourer) is a person who works in manual labor types in the construction industry workforce. Laborers are in a working class of wage-earners in which their only possession of significant material value is their labor.
Detailed explanation-4: -General labor is any physical job with non-skilled, hands-on tasks, such as cleaning, moving or landscaping. A laborer makes an average national salary of $27, 310 per year .
Detailed explanation-5: -What are the four types of labor in economics? The four types of labor in economics are skilled, unskilled, semi-skilled, and professional.