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Economics miscellaneous

  1. One of the following is ‘Labour’ in Economics.
    1. A Musician performing for a benefit fund
    2. A Painter working for his own pleasure
    3. Reading a book as a hobby
    4. A Mother teaching her own son
Correct Option: A

Labour includes both physical and mental work undertaken for some monetary reward. In this way, workers working in factories, services of doctors, advocates, ministers, officers and teachers are all included in labour. Any physical or mental work which is not undertaken for getting income, but simply to attain pleasure or happiness, is not labour.



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