Pain, fatigue, sacrifice, monotony felt by the factors of production during rendering their services is…
According to Alfred Marshall, the exertions of all the different kinds of labour directly or indirectly involved in making a commodity, together with the abstinences or…
Choose your answer
Pain, fatigue, sacrifice, monotony felt by the factors of production during rendering their services is called ?
Answer and explanation
Correct answer A
According to Alfred Marshall, the exertions of all the different kinds of labour directly or indirectly involved in making a commodity, together with the abstinences or waitings required for saving the capital used—i.e., pain, fatigue, sacrifice, and monotony—constitute the Real cost of production.
Practice for these exams
-
RPSC Assistant Professor (College Education)