Features of land as a factor of production
Answer Text: Labour.-Refers to human mental and physical effort applied in production process.-Also known as human resources.Features of land.-Services of a labourer cannot be stored, they arehighly perishable. Idle labour becomes wasted.-Services cannot be separated from the labourer or service provider.-Labourers sell their labour and not themselves.-It is human with ability to think and capacity to get annoyed.-Productivity is improved through incentives, training and job security.-Labour is mobile geographically-Reward of labour is wages, salaries,Commissions, fees, or royalties.-It is a basic factor of production.