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Labour as a factor of production

Labour as a factor of production

Labour means human effort used to produce goods and services, so it is one of the factors of production. A labour market is any situation where workers and employers interact, not necessarily a physical place.

The labour market Lesson

  1. GCSE
  2. /Economics
  3. /The labour market

Step-by-step lessons covering OCR GCSE Economics The labour market for GCSE Economics. Each lesson works through exam-style questions in Component 01 and Component 02 format. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons