What is labor?

The aggregate of all human physical and mental effort used in creation of goods and services. ...

	Thursday, April 2, 2015 labor   Term of the Day labor The aggregate of all human physical and mental effort used in creation of goods and services. Labor is a primary factor of production. The size of a nation's labor force is determined by the size of its adult population, and the extent to which the adults are either working or are prepared to offer their labor for wages. Learn more about this term Usage Example I would prefer that we not outsource our labor because I would rather see our local families benefit from the income.   Featured Article How to Handle External Forces in Order to Maintain A Cohesive Workplace Environment External and internal forces create conflict for employees within the workplace. With a struggling economy and ever increasing prices for gas, food, utilities, ... Read this article   Voice Your Opinion If you could give a five minute presentation to the whole world, what would it be about?   Take us with you! Download the BusinessDictionary app today.
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