Answer to Question #294542 in Economics for Anjali

Question

Today labour is considered as one of the most important factor of production. Discuss the way it's interest can be protected

Answer 1

Labor represents all of the people that are available to transform resources into goods or services that can be purchased.

Labor protection is system of the legal, social and economic, organizational and technical, sanitary and hygienic and treatment-and-prophylactic actions and funds allocated for preserving life, health and working ability of the person in the course of labor activity.

Workers' rights are human rights, and we have a moral and legal obligation to protect them. This means that workers' rights, such as freedom of association, the right to strike, the prohibition of slavery, servitude, forced and compulsory labour, and the right to fair and just working conditions, are vital.