Question: what are the four characteristics of labor?
Answer: 1] Perishable in Nature. ... , Browse more Topics under Theory Of Production And Cost. ... , 2] Labour is Inseparable from the Labourer. ... , 3] Human Effort. ... , 4] Labour is Heterogeneous. ... , 5] Labour has Poor Bargaining Power. ... , 6] Not Easily Mobile. ... , 7] Supply of Labour is relatively Inelastic.