Labour

Economics.

One of the 'factors of production' in economics, the others classically being land, capital and enterprise.

In this context, 'labour' is defined as those people who are available to work in an economy, and who provide their skill, knowledge, physical and mental resources.

See also

• Capital
• Capital intensity
• Capital to labour ratio
• Cost-push inflation
• Enterprise
• Factors of production
• Labour participation rate
• Labour union
• Land
• Trade union