Question

You need to analyze the relationship between business and labor. Write a question that your essay will answer. You can use one of the ideas on page 2, or you can come up with your own.​

Answer 1

Importnace of factors of production

Step-by-step explanation:

factors of production include

1. land

2. labor

3. capital

4. entrepreneurship

In the question given in order to analyse the relationship of labor and business we can imply relate to the relationship of productivity of labor to that of the growth of the business.

Increased productivity of labor leads to increased efficiency. which in turn reduces cost and improves the profitability of the business.

Moreover in real life examples we can look at specialized profession where skilled labors productivity like doctors, teachers, lawyers etc help in building an image of the organisation which in turn helps in getting more clients.

labor productivity has a direct relation with the business growth and its profitability.

Answer 2

importance of the coexistence of work and business

Step-by-step explanation:

both support each other, since a company cannot grow without an operating team that produces the goods and services it offers to its consumers.