Question: what are the major characteristics of labour?
Answer: Labour is Perishable: ... , Labour cannot be separated from the Labourer: ... , Less Mobility of Labour: ... , Weak Bargaining Power of Labour: ... , Inelastic Supply of labour: ... , Labourer is a Human being and not a Machine: ... , A Labourer sells his Labour and not Himself: ... , Increase in Wages may reduce the Supply of Labour: