Labour (economics)

Labour or labor is work done by people. Labor is one of three factors of production. The other two factors are land and capital.

People who can work are also known as human capital, referring not necessarily to what they actually do, but to their abilities.

Labour (economics) Media

"Emergency - Your help is Needed to Can the Crops" - NARA - 513835.tif

A "help wanted" sign seeks available workers for jobs.
Tompkins Square Park Central Knoll.jpg

The neoclassical model analyzes the trade-off between leisure hours and working hours.
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Effects of a wage increase
The Income and Substitution effects of a wage increase
Labour supply small.png

Laboursupplysmall
Labour demand in the short run small.png

A Firm's Labour Demand in the Short Run
Sabah Sarawak labour advert Kuala Lumpur.JPG

An advertisement for labour from Sabah and Sarawak, seen in Jalan Petaling, Kuala Lumpur

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