Labor is a factor of production that refers to any physical or ________ work peo

A) Labor is a factor of production that refers to any physical or intellectual work that people contribute to a business's production. Entrepreneurial work might be included in a company's labor costs, but such work could be either physical or intellectual, and therefore would not necessarily describe a type of work that was not physical. A company's labor force could be either unionized or nonunionized, independent of the type of work, whether physical or intellectual. Emotional work is not considered part of a business's labor requirements.