Labour and Employment — Flashcards

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Labour means the capacity to exert physical or mental effort for the purpose of producing goods or services. It includes only human effort made to earn a living and excludes work done for pleasure or …

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1. Labour cannot be separated from the labourer 2. Labour cannot be accumulated or stored 3. Labour supply varies over time 4. Labour is less mobile compared to other factors 5. Labour differs in effi…

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Division of Labour means the allocation of different parts of the production process to different workers or groups of workers. It involves specialization where each person performs a specific task ra…

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1. Efficiency of Labour increases 2. Quality of production improves 3. Greater profit for producers 4. Average cost of production falls, benefiting consumers 5. Encourages research and development 6.

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1. Monotony of work - workers get bored doing repetitive tasks 2. Lack of responsibility - difficult to hold anyone responsible for quality 3. Increased dependence among workers 4. Unemployment - spec…

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Productive Labour: Work that creates utility or is done for earning income. Includes paid work that produces goods/services. Example: Factory worker, teacher, doctor. Reproductive Labour: Unpaid dome…

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Skilled labour refers to workers who have special training, education, or experience to perform complex tasks requiring expertise. Examples include doctors, engineers, teachers, electricians, and carp…

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Gender bias describes how women are far behind men and lack equal opportunities. It manifests as gender inequality where women don't enjoy the same status and opportunities as men. Examples include un…