All human efforts geared towards the production of goods and services is?
Answer Details
All human efforts geared towards the production of goods and services is called labour.
Labour refers to the physical and mental work that people do to create goods and services. It includes all types of human effort, from manual labor to intellectual work, and is an essential factor of production.
Entrepreneurship, capital, and occupation are also important factors of production, but they are not the same as labor.
Entrepreneurship refers to the process of creating a new business or venture, taking risks, and innovating to bring new products or services to the market.
Capital refers to the resources, such as money, equipment, and buildings, that are used to produce goods and services.
Occupation refers to a person's job or profession, which may involve various types of labor, entrepreneurship, or capital.
In summary, all human efforts geared towards the production of goods and services, such as physical and mental work, are referred to as labour.