Which statement best summarizes how labor, as one of the four factors of
production, contributed to the development of an industrial economy in Great
Britain?

A. Many unemployed farmworkers could go to work in the country's
factories
B. The British government gave companies the money to hire more
workers.
C. Peasants refused to perform agricultural work and sought factory
work instead.
D. Individual factory workers were required to come up with industrial
innovations.

Respuesta :

Answer: its A

Explanation:

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C. Peasants refused to perform agricultural work and sought factory

work instead.

In reality, the term "labor" refers to any kind of effort, mental or physical. Labor is defined in economics as the efforts made to generate any goods or services. It encompasses all forms of human labor, including those performed for financial gain and involving physical, mental, or intellectual effort. Let's examine the characteristics of labor as a production factor:

  • Transient in Nature
  • Human Effort and Labor are Inseparably Linked
  • The Labor Force Is Diverse
  • Labour's Negotiating Power Is Weak

Learn more about the peasants who refuse to perform agricultural work and sought factory work instead with the help of the given link:

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