Labour Is the Factor of Production That Organizes Other Factors

question 42

True/False

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

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Definitions:

Sections

Distinct parts into which something is or may be divided or allocated.

Sales Contracts

Legal agreements that outline the terms and conditions under which goods or services are sold from a seller to a buyer.

Intellectual Property

Intangible property that is the product of one’s mind and not one’s hands.

Corporate Stocks

Equity investments representing ownership in a corporation, allowing shareholders to claim on assets and earnings.