Labor and Wages - "Labor" is how much a person works. It is the use of time an exertion of effort to produce something of value. Generally speaking, the more valuable a person's labor is, the higher their wage.
Labor and Wages - "Labor" is how much a person works. It is the use of time an exertion of effort to produce something of value. Generally speaking, the more valuable a person's labor is, the higher their wage. 