SS1: ECONOMICS - 1ST TERM
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Introduction to Economics | Week 13 Topics|1 Quiz
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Basic Concept of Economics | Week 24 Topics|1 Quiz
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Basic Tools for Economic Analysis | Week 38 Topics|1 Quiz
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Measure of Central Tendency | Week 44 Topics|1 Quiz
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Theory of Demand & Supply I | Week 55 Topics|1 Quiz
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Theory of Demand & Supply II | Week 67 Topics|1 Quiz
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Theory of Production I | Week 77 Topics|1 Quiz
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Theory of Production II | Week 84 Topics|1 Quiz
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Basic Economic Problems of the Society | Week 91 Topic|1 Quiz
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Economic System | Week 104 Topics|1 Quiz
Labour
Topic Content:
- Definition of Labour
- Types of Labour
- Features of Labour
- Importance of Labour
Definition of Labour:
Labour is the human effort combined to contribute towards efficient production. Labour may be physical, mental, skilled, or unskilled in the operation process which is usually for a reward. A labour-intensive strategy is used in overpopulated countries for production.
Types of Labour:
There are different types of labour;
1. Skilled Labour: These are trained workers (labour) who have a relatively specialized type of training. They are trained for a long period of time (4 years or more to acquire skills with a certificate)
Examples are surgeons, teachers, lawyers, etc. The jobs of these workers are referred
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