Which term describes the human resource used in production?

Which term describes the human resource used in production?

• A. Land
• B. Capital
• C. Goods
• D. Labour

Answer: (D)

Labour refers to the human effort, skill, and time that people contribute to turning inputs into goods and services. It is the human resource used in production—the workforce from operators to managers—whose work drives the production process. This distinguishes it from land (natural resources) and capital (man-made tools and equipment), and from goods (the outputs themselves).

Labour refers to the human effort, skill, and time that people contribute to turning inputs into goods and services. It is the human resource used in production—the workforce from operators to managers—whose work drives the production process. This distinguishes it from land (natural resources) and capital (man-made tools and equipment), and from goods (the outputs themselves).