Definition
The aggregate of all human physical and mental effort used in creation of goods and services.
Labor is a primary factor of production. The size of a nation's labor force is determined by the size of its adult population, and the extent to which the adults are either working or are prepared to offer their labor for wages.
Articles related to 'labor'
Business Tips
The Price of Competition
Competition is valuable. Don't give it away; instead, get paid to play. For example, if someone asks you to bid, merely to increase competition and with no intention of giving the product/service/deal ... Read more
More Tips
Questions related to 'labor'
Related Videos
http://www.businessdictionary.com/definition/labor.html
