LABOUR AND CAPITALLabour is any wor

LABOUR AND CAPITAL
Labour is any work performed for an employer at a negotiated rate while profit is the surplus which accumulates as a result of productive work. The employer obtains this surplus after he pays the necessary expense of his business and the wages of his employees. He may be required to share the surplus whit other who have provided the capital with which the started his business. Most businesses need capital in order the start productive work, and the capital pays for the accommodation, machinery and other items which the business need. There is always an element of risk in providing capital and starting a business. The business may not be successful, the risk has been justified and invested capital earns part of the profits as a return on the investment.
The capital which people provide to help new business is an accumulation of previous surpluses of previous business activities. In this way the past is used to finance the future. Such capital is accumulated by a deliberate policy of saving surplus. This policy may be personal and individual, or it may be public and collective. As such, it is common to both the capitalistic and communistic system. In both system, s certain part of the profits is ‘ploughed back’ into the system in order to create capital. In general terms, capital can be defined as (1) a factor of production (for example, machinery or cash); (2) the assets possessed by a person, a company or nation. Load, houses and shares in s business are capital. In terms of the state, all railways, docks, roads, airports, and state funds of money are part of the nation’s capital.

Hasil (Bahasa Indonesia) 1:

BURUH DAN MODALTenaga kerja adalah setiap pekerjaan yang dilakukan untuk majikan pada tingkat yang dinegosiasikan sementara keuntungan surplus yang terakumulasi sebagai hasil dari kerja yang produktif. Majikan memperoleh surplus ini setelah ia membayar biaya diperlukan usahanya dan upah karyawan. Dia mungkin diminta untuk berbagi surplus sedikit pun lain yang telah memberikan modal yang memulai usahanya. Kebanyakan bisnis membutuhkan modal dalam rangka kerja produktif mulai, dan ibukota membayar untuk akomodasi, Mesin dan item lainnya yang membutuhkan bisnis. Selalu ada unsur risiko dalam menyediakan modal dan memulai bisnis. Bisnis mungkin tidak akan berhasil, risiko telah dibenarkan dan modal yang diinvestasikan memperoleh bagian keuntungan sebagai laba atas investasi.The capital which people provide to help new business is an accumulation of previous surpluses of previous business activities. In this way the past is used to finance the future. Such capital is accumulated by a deliberate policy of saving surplus. This policy may be personal and individual, or it may be public and collective. As such, it is common to both the capitalistic and communistic system. In both system, s certain part of the profits is ‘ploughed back’ into the system in order to create capital. In general terms, capital can be defined as (1) a factor of production (for example, machinery or cash); (2) the assets possessed by a person, a company or nation. Load, houses and shares in s business are capital. In terms of the state, all railways, docks, roads, airports, and state funds of money are part of the nation’s capital.