resources. (2) Labour * Human effort, both physical and mental, used to produce g + s. * Its efficiency varies (from country to country), and it can organise itself (into trade unions) for its own benefit. * Limited due to size of population, size of workforce, and quality of workforce (work ethic) * Wage: the payments made to labour for its mental and manual effort in the production process. Includes salaries, fees, commission. (3) Capital * The produced means of production;…
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