In the early days, planters made their wealth through two main crops: Both rice and indigo (goods ) were grown dependent on slave labor.
What is labor?
- Labor refers to the amount of physical, mental and social effort expended to produce goods and services in an economy.
- We provide the know-how, people and services needed to turn raw materials into finished products and services.
- The Latin root Arbeit means "work".
- This Latin root is the root of many "working" English words such as "collaborate," "work independently," and "work diligently."
- Work is the effort people put into producing goods and services.
- Labor resources include jobs for waiters who bring food to local restaurants and engineers who designed buses to get to school.
- Employers need workers because they are an important part of the production process.
- Workers use tools and equipment to transform inputs into outputs.
- Without workers, employers could not produce goods and services and make a profit.
To learn more about labor from the given link :
https://brainly.com/question/24030479
#SPJ4
