Labour (economy): Difference between revisions

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In economic theory, '''labour''' is one of the three [[factors of production]]. The other factors are [[land]] and [[capital (economics)|capital]].
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{{dambigbox|the factor of production|Labour}}
In the categorisation adopted for didactic purposes by the classical economists, '''labour''' is one of three [[factors of production]], the others being [[land]] and [[capital (economics)]].


Alongside [[land]] labour is also recognised by most(? Samuelson uses the phrase ''often called'', pp. 50) economist as a primary factor.<ref>Samuelson and Nordhaus ''Econoics'' (1989).</ref>
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Latest revision as of 11:00, 9 September 2024

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This article is about the factor of production. For other uses of the term Labour, please see Labour (disambiguation).

In the categorisation adopted for didactic purposes by the classical economists, labour is one of three factors of production, the others being land and capital (economics).

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