Question 33 of 39
Q.What are the characteristics of Labour ?
Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2025Subjective· 3mImportance★★★★★
85% · 33/39 Questions
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Start your 14-day free trial to unlock the full solution →Labour is perishable, inseparable from the labourer, has weak bargaining power, is less mobile, differs in efficiency, and is a human being rather than a commodity.
Labour has several features that set it apart from land and capital:
- Labour is perishable — a day's labour that is not used today cannot be stored and used tomorrow; it is lost forever.
- Labour is inseparable from the labourer — the worker must be present to supply his labour; labour cannot be delivered separately from the person.
- The labourer sells his labour, not himself — the worker parts with his services for a wage but remains free; he is not sold.
- Weak bargaining power — an individual worker is generally poor and cannot hold out for long, so he has weaker bargaining power than the employer.
- Labour is less mobile — because of family, language, social and geographical ties, workers do not move easily from place to place or job to job.
- Differences in efficiency — labourers differ in skill, education, health and effort, so their productivity varies. …
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