Production Analysis — Economics STD 11 — Question

According to Marshall, labour represents services provided by the factor labour, which helps in yielding an income to the owner of the labor-power.
Characteristics of labour:

1. Labour is the animate factor of production.
2. Labour is an active factor of production.
3. Labour implies several types it may be manual or intellectual.
4. Labour is perishable.
5. Labour is inseparable from the labourer.
6. Labour is less mobile between places and occupations.
7. Labour is a means as well as an end.
8. Labour units are heterogeneous.
9. Labour-supply determines its reward.
10. Labour has weak bargaining power.