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Is labour a major factor for business production.
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[QUOTE="TOZZIBLINKZ, post: 220817, member: 37528"] Labour is a factor of production that consist of all human effort put or instilled in production , in other words it could be seen as human mental and physical extensions generated in the production process . labour is one of the major factor of production which when combined with other factors of production provides goods and services for members of the public . Labour is usually compensated or renominated in the form of wages and salaries . Below are some of the ways in which label is important to production : Provision of skilled personnel : Because of the availability of labour , required skills as a result of employed skilled personnel are being putted into the production process to yield better and efficient output . Mechanical control : most industries who own huge machines and mechanical equipment for the purpose of production need skilled personnel who are able to use the various machines in order to produce efficient and better output . Industrialized companies are example of enterprises who requires skilled personnel to use the various the various machines to convert raw materials at their disposal into proper finished goods and commodities . Labour also is required to maintain this huge machines and equipments in order not to incur damages and high rate of depreciation . [/QUOTE]
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