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
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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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