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Question : One of the following is "Labour" in economics.

Option 1: A musician performing for a benefit fund

Option 2: A painter working for his pleasure

Option 3: Reading a book as a hobby

Option 4: A mother teaching her son


Team Careers360 24th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: A musician performing for a benefit fund


Solution : The correct answer is A musician performing for a benefit fund .

In economics, a musician performing for a benefit fund is considered labour. In economics, labour refers to the physical and mental work that individuals put in to generate products and services. It can be done for money or for free, and it can be done for oneself or others. In the example of a musician performing for a benefit fund, the musician expends physical and mental energy to create good (music) consumed by others.

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