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Topic: Labour (economics)


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 Reference.com/Encyclopedia/Labour (economics)
In classical economics and all micro-economics labour is one of four factors of production, the others being land, capital and enterprise.
Wage is a basic compensation for labour, and the compensation for labour per period of time is referred to as the wage rate.
total compensation = earnings + other benefits for labour
www.reference.com /browse/wiki/Worker   (186 words)

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