In South Africa, the quality of labour is just as important as the size of the labour force.
Think again. The statement is false.
The quality of the labour is more important than the size of the labour force.
You are right! The statement is indeed false.
The factor of production labour only refers to physical labour.
Labour refers to human effort that is put into the production of goods and services, and includes both physical and mental effort.
The term "human capital" refers to the number of workers.
The term "human capital" refers to knowledge, talents, skills, abilities, experience, intelligence, training, judgment, and wisdom of the labour force and not to the number of workers.