Productive work, especially physical work done for wages.

Productive work, especially physical work done for wages.

• A. Employer
• B. Labour
• C. Employee
• D. Banker

Answer: (B)

Productive work done by people, especially when paid as wages, is described as labour. In economics, labour is one of the four factors of production—the human effort (physical or mental) used to transform inputs like land and capital into goods and services. The emphasis on wages highlights labour as the active input being compensated for its contribution. An employer is the one who hires labour, an employee is the person who provides labour, and a banker is a financial professional, not the input itself.

Productive work done by people, especially when paid as wages, is described as labour. In economics, labour is one of the four factors of production—the human effort (physical or mental) used to transform inputs like land and capital into goods and services. The emphasis on wages highlights labour as the active input being compensated for its contribution. An employer is the one who hires labour, an employee is the person who provides labour, and a banker is a financial professional, not the input itself.