CMA Foundation · Fundamentals of Business Economics and Management · Means of Production
Which of the following is a feature that distinguishes labour from the other factors of production?
Labour is perishable and inseparable from the labourer. A day's work not used cannot be stored for later, and the worker must be present when the work is done. Free gifts of nature relate to land and produced means of production relate to capital.
- ALabour can be separated from the labourer, so it can be stored for later use
- BLabour is perishable and cannot be separated from the person who supplies itCorrect
- CLabour is a free gift of nature with a fixed supply
- DLabour is a produced means of production used to make further goods
Explanation
Labour is inseparable from the worker, and an unused day of work is lost forever, so it is perishable. Fixed supply as a free gift describes land. A produced means of production describes capital.
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