what do economists call the physical actions and mental activities that people contribute to the production of goods and services?

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27-06-2022
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what do economists call the physical actions and mental activities that people contribute to the production of goods and services?

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ogorwyne ogorwyne · Answer 1 · 2022-06-28T13:34:06+02:00

ogorwyne ogorwyne

28-06-2022

Labor is the physical actions and mental activities that people contribute to the production of goods and services.

What is labor?

This can be used to refer to all forms of activities that a person engages in for the production of goods and services.

It is one of the factors of production and refers to tghe physical strength used in the process.

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OlanmaE OlanmaE · Answer 2 · 2022-06-28T13:36:19+02:00

What Economists call the physical actions and mental activities that people contribute to the production of goods and services is:

Labor

What is Labor?

Labor refers to the physical and mental exertion that employees often have to put in to produce goods and services.

In many companies, employees exert their physical strength and intelligence to sustain the smooth flow of activities. Economists call this labor.

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