It is a false statement that Labor relates only to the production of manufactured goods and that services are not included.
What is a Labor?
This is a factor of production that involves individuals & machines that helps to they produce a good or service for a firm.
The reward for a Labor as a factor of production is known as Wages and Salaries.
Therefore, the statement is false because Labor helps in production of both the goods and services.
Read more about Labor
brainly.com/question/17518033
#SPJ1
