Labour (Work)
Labour, or work, refers to the physical or mental effort used to produce goods and services. It encompasses a wide range of activities, from manual tasks like construction and farming to intellectual tasks such as teaching and programming. Labour is essential for economic growth and development, as it contributes to the creation of wealth and the improvement of living standards.
In economics, labour is considered one of the key factors of production, alongside land, capital, and entrepreneurship. The workforce can be categorized into various sectors, including agriculture, manufacturing, and services. Understanding labour dynamics helps in addressing issues like employment, wages, and working conditions.