Labor is defined:
A) solely as physical work for which payment is received.
B) as human effort used in the production of goods and services.
C) as physical capital used in human effort.
D) as the entrepreneurship ability used to produce goods.

Question

Quizplus · Accepted Answer

Labor is broadly defined as human effort, both physical and mental, used in the production of goods and services, not limited to physical work or the receipt of payment.

Labor Is Defined