labour

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labour

the human input to work activity. See JOB, CAPITAL.

labour

the contribution to productive activity made by the workforce both by hand (for example, the assembly of a car) and mentally (for example, devising a stock-control system). Labour is one of the three main FACTORS OF PRODUCTION, the others being NATURAL RESOURCES and CAPITAL. See alsoECONOMIC GROWTH, HUMAN CAPITAL.
References in classic literature ?
The true husbandman will cease from anxiety, as the squirrels manifest no concern whether the woods will bear chestnuts this year or not, and finish his labor with every day, relinquishing all claim to the produce of his fields, and sacrificing in his mind not only his first but his last fruits also.
When there is only so much of the same thing, and when two men want all they can get of the same thing, there is a conflict of interest between labor and capital.
Chaudhry Yaseen demanded the Government, National and Provincial institutions of Pakistan to play their role in labor development, to get the labors of NGO united and to constitute for their rights and protection so that the labors can be encircled by the Social Labour Institutions and they can get their unions.
Seven labor courts and 96 labor chambers will soon be set up across main cities in the Kingdom, in a move toward empowering the labor force.
In labor-only contracting, the genuine employer enters into a service contract with a labor contractor to hire employees or laborers in such a number as his business or workplace may need.
In the wake of the coming Labor Day, the controversy regarding President Duterte's promise to end labor contracting has once again hogged the headlines.
Department of Labor today announced nearly $60 million in grants to NGOs and a range of organizations to promote labor law enforcement and help end exploitative labor practices in 25 trade partner countries.
In 1894, the United States Congress unanimously voted to approve legislation to make Labor Day a national holiday which was signed by President Grover Cleveland.
Sison announced a $1.4 million grant on April 5 to launch a labor rights system in Sri Lanka.
The purpose of this study is to examine the foundations of occupational labor markets, structural changes in the labor market, the complexity of labor laws, the causal relationship between labor legislation and labor market outcomes, and the positive externalities of labor market regulations, and the role of migrant workers in urban labor markets.
(TSMC), the world's leading contract IC maker, may become the first hi-tech company in Taiwan with a labor union.
Proponents of this school of thought rarely put forth facts or figures to support their assertion, instead they simply point to the preponderance of recent immigrants in unskilled and low-paying jobs as de facto proof that Americans refuse to do what is traditionally considered menial labor. As a result, some in the business community, supported by the U.S.