This display element is used to display a text on the screen.
Note the distinction between this element and Text Display. While Text Display defines a text field whose value is variable, Label is used for fields with constant values. The displayed text will be the model's name (e.g. if the Label model is named "Age:", the text Age: is displayed).
As with any display element, you may add an action sub-model named <On Click> to model what should be done if the user selects the displayed text, but this is seldom needed.