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What is Labor
Labor is a term indicating purposeful, efficient and useful human activity that with the help of other factors of production (or material resources, information and knowledge) produces products or services.

Labor is a term indicating purposeful, efficient and useful human activity that with the help of other factors of production (or material resources, information and knowledge) produces products (goods or services). Division of labor in an organization is one of the basicmanagement functions.

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Last update: 17.08.2016

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