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2009 WAEC Economics Theory (a) Define labour [4 marks] (b) Give four factors that affect the efficiency of labour...

Economics
WAEC 2009

(a) Define labour [4 marks]
(b) Give four factors that affect the efficiency of labour in your country. [16 marks]

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Explanation

(a) Labour can be defined as all human efforts of any kind either skilled or unskilled, mental or manual directed towards the production of goods and services.

(b) (i) Education and Training: All kinds of labour require training which may include formal training, training on the job. 
     (ii) Availability of equipment and tools: Labour efficiency also depends on the equipment and tools available to workers.
     (iii) Physical environment: The environment in which labour workshelps to determine its efficiency as well as its productivity e g harsh physical environment.
     (iv) Human environment: Conducive management style will increase labour efficiency. 
     (v) Conditions of service: Reasonable wages and salaries with other related incentives promptly paid encourage better service from labour. 
     (vi) Availability of good social services such as transportation, schools, hospitals, etc.
     (vii) Technological improvement, including division of labour and specialization.
 


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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts