A FACTOR OF PRODUCTION consisting of the effort and time of human beings engaged in the production of goods or services. The notions of HUMAN CAPITAL and ECONOMIC RENT blur the distinction between this factor and the others, CAPITAL and LAND. See also:...

See also Labor Labour may refer to: Work of any kind Wage labour, in which a worker sells their labour and the employer buys it Manual labour, physical work done by people Childbirth, especially from the start of uterine contractions to delivery Labour...