Labour is carrying out activities that are useful for those who work carried out for his or her immediate environment and / or for society as a whole. This broad definition of the sociologist Mug, but there are also more limited activity for which payment is made as a condition. Unpaid labour is thereby not seen as labour. In a broader sense, however, to distinguish between paid and unpaid work and formal and informal employment. Informal employment is not recorded by governmental and tax is paid.
The monetization of the medieval economy was next self-employment wage labour also increasingly possible. Especially industrialization has contributed to this. This not only brought changes in the production process by mechanization, but also in the production organization such as the introduction of the factory system. This eventually resulted in the modern labour system.
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| Photo by Matthias Hiekel |
In economics, labour is one of the factors of production. All production is associated with human labour. From the earliest times Hence "labour" a so-called original production factor is called as "country", but unlike "capital", a derivative production factor. Labour includes both physical and mental human activity aimed at the production of goods and acquire income. The income received by labour (labour) called wage.
The (exchange) value of goods is determined by the amount necessary for the production work. These so-called labour theory of value was later expanded by David Ricardo, and known principally through the application of Karl Marx in Das Kapital. In modern economic theory, this lobar theory of value, although rejected, but the meaning of labour as a factor of production is still recognized.
