LABOUR AND CAPITAL Money is not onl

LABOUR AND CAPITAL
Money is not only a means of exchange but is also a means of measuring
the value of men’s labour. In economic theory, “labour” is any work undertaken
in return for a fixed payment. The work undertaken by a mother in caring for
her children may be hard, but it receives no fixed payment. It is not therefore
labour in the strict economic sense.
As a scientist, the economist is interested in measuring the services which
people render to each other. Although he is aware of the services which people
provide for no financial reward, he is not concerned with these services. He is
interested essentially in services which are measurable in terms of money
payments for a fixed and / or regular nature. In economics, money is the
standard by which the value of things is judged. This standard is an objective
and scientific one.
Human labour produces both goods and services. The activities of a
farm worker and a nurse are very different, but both are measurable in terms
of payments received. Labour in this sense is not concerned with distinctions
of social class, but simply with the payment of wages in return for work. The
national labour force are those people who are available for work within the
nation, i. e. the working population.
It should be noted that any person engaged in private business is self-
employed and his activities are partly those of an employer and partly those of
an employee. If however he employs an assistant, to whom he pays a fixed
wage, his new employee provides labour in return for payment. The employer
receives the surplus (large or small) from the whole business. This surplus is
the reward of private enterprise and is known as profit.

Hasil (Bahasa Indonesia) 1:

LABOUR AND CAPITAL Money is not only a means of exchange but is also a means of measuringthe value of men’s labour. In economic theory, “labour” is any work undertakenin return for a fixed payment. The work undertaken by a mother in caring forher children may be hard, but it receives no fixed payment. It is not thereforelabour in the strict economic sense. As a scientist, the economist is interested in measuring the services whichpeople render to each other. Although he is aware of the services which peopleprovide for no financial reward, he is not concerned with these services. He isinterested essentially in services which are measurable in terms of moneypayments for a fixed and / or regular nature. In economics, money is thestandard by which the value of things is judged. This standard is an objectiveand scientific one. Human labour produces both goods and services. The activities of afarm worker and a nurse are very different, but both are measurable in termsof payments received. Labour in this sense is not concerned with distinctionsof social class, but simply with the payment of wages in return for work. Thenational labour force are those people who are available for work within thenation, i. e. the working population. It should be noted that any person engaged in private business is self-employed and his activities are partly those of an employer and partly those ofseorang karyawan. Jika namun ia mempekerjakan asisten, kepada siapa ia membayar tetapupah karyawan baru nya menyediakan tenaga kerja sebagai pembayaran. Majikanmenerima surplus (besar atau kecil) dari seluruh usaha. Surplus ini terjadipahala perusahaan swasta dan dikenal sebagai keuntungan.