Chapter 12, Problem 4AA

To determine

To determine the best word that fits in the blank.

Answer to Problem 4AA

Option (a) − Resource

Explanation of Solution

Human labor: It is the amount of mental and physical effort done by the person working so as to produce the goods and services, for which they receive wages.

Human labor helps in the production of goods and services and is a resource to have the production and the productivity. It is a highly valuable resource as it helps in the production of the products from a raw material to the finished good using their skills, physical strength and mental ability.

No other fits in the blank as resource is the only option which tells about what human labor can be and how valuable it is for increasing the productivity of the industries and the GDP of the economy.