Abstract
As a factor of production, labour refers to the input of human effort. The value of this input is quite substantial, and even in a developed economy such as the UK, labour costs account for well over 50 per cent of the total value of output produced.
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© 1993 Barry Harrison
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Harrison, B. (1993). Labour. In: Introductory Economics Course Companion. Palgrave, London. https://doi.org/10.1007/978-1-349-13004-7_14
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DOI: https://doi.org/10.1007/978-1-349-13004-7_14
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-57913-8
Online ISBN: 978-1-349-13004-7
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