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]].
In economic theory, '''labour''' is one of the three [[factors of production]]. The other factors are [[land]] and [[capital]].


Alongside [[land]] labour is also recognised by most(?) economist as a primary factor.
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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<references/>





Revision as of 13:05, 30 May 2007

In economic theory, labour is one of the three factors of production. The other factors are land and capital.

Alongside land labour is also recognised by most(? Samuelson uses the phrase often called, pp. 50) economist as a primary factor.[1]







  1. Samuelson and Nordhaus Econoics (1989).