Dangtayan, Mary Grace, C.

Definition Author Publisher Date/year of Publication

labour means any valuable service The Editors of Encyclopaedia Encyclopedia Britannica Dec. 4 2019
rendered by a human agent in the Britannica
production of wealth, other than
accumulating and providing capital
or assuming the risks that are a
normal part of business
undertakings. It includes the services
of manual labourers, but it covers
many other kinds of services as well.
It is not synonymous with toil or
exertion, and it has only a remote
relation to “work done” in the
physical or physiological senses.

Labor is the amount of physical, Kimberly Amadeo the balance October 24, 2021
mental, and social effort used to
produce goods and services in an
economy. It supplies the expertise,
manpower, and service needed to
turn raw materials into finished
products and services.

Labor is the effort that people Market Business News Market Business News 2021
contribute to the production of
products and services.
 labour means any valuable service rendered
by a human agent in the production of wealth,
other than accumulating and providing capital
or assuming the risks that are a normal part of
business undertakings. It includes the services
of manual labourers, but it covers many other
kinds of services as well. It is not synonymous
A physical
with toil or exertion, and itsense
has only a remote
relation to “work Includes
done” in the physical or
services
physiological senses.
of manual labor,

manpower
Social effort
used to
produce goods
and services
Labor is the amount of physical,
mental, and social effort used to
Labor is the effort that people contributeproduce goods and services in an
to the production of products and economy. It supplies the expertise,
services. manpower, and service needed to
turn raw materials into finished
products and services.