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4 cards from this section. Quick, good the night before a test.
What are the three types of labour?
Think about the training level involved for each type.
What does it mean that labour is perishable?
Consider how food items spoil.
What is the term for human effort used in production?
It's one of the factors of production.
Skilled labour typically earns higher wages than unskilled labour.
Think about the education of various professions.
Analyse the relationship between the level of education and the categorization of labour. How does education affect productivity?
Consider how higher education leads to better job opportunities and responsibilities.
Critically evaluate how the perishability of labour can impact economic production during a downturn.
Reflect on workforce adjustments during economic recessions.
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