Labour is the factor of production that organizes other factors into productive business units.

Name: Labour is the factor of production that organizes other factors into productive business units.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Labour refers to the human effort, both physical and mental, used in the production process, not the organization of other factors. The organization of other factors is typically considered the role of entrepreneurship.

Labour Is the Factor of Production That Organizes Other Factors