Thursday, 2 April 2015

What is labor?

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

 
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Thursday, April 2, 2015
 
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.


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Usage Example
I would prefer that we not outsource our labor because I would rather see our local families benefit from the income.
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