In classical economics and all micro-economics labour (or labor) is a measure of the work done by human beings and is one of three factors of production, the others being land and capital. There are macro-economic system theories which have created a concept called human capital (referring to the skills that workers possess, not necessarily their actual work), although there are also counter posing macro-economic system theories that think human capital is a contradiction in terms.
a) The collective workforce. b) The human resources, with the appropriate skills, necessary to accomplish a job or task, usually expressed in Man hours, or Man months. www.sceaonline.net Keyword(s): Labour