Relative importance of labour.

In the first place, labour as a human resource is the one from which another vital factor of entrepreneurship is derived. Secondly, labour, is responsible for technical innovations and technical knowhow which is indispensable in production. Thirdly, Labour ( man) creates capital which is another factor of production. Lastly, People's energy is the major determinant of a country's progress. A variety of labour skills tackles a variety of production tasks.