Get field labels dynamically in the lightning component

AccountEditController.apxc

public class AccountEditController {
	
    @AuraEnabled
    public static String getObjectType() {
        // Passing the sObject name in the method, it could be multiple objects too
        return Utility.getDescribedObjects( new List<String>{'Account'} );    
    }
}

DynamicFields.cmp

<aura:component controller="AccountEditController">
	<aura:attribute name="ObjectType" type="Object"/>
    <aura:attribute name="account" type="Account" 
                    default="{ Name: 'Test Account', Type: 'Business', Phone: '+44 34522346', Client_Status__c: 'Not Active' }"/>
                    
    <aura:handler name="init" value="{!this}" 
                  action="{!c.doInit}"/>	
    
    <div class="c-container">
    	<lightning:layout>
            
            <lightning:layoutItem padding="around-small">
                <lightning:input aura:id="name" label="{!v.ObjectType.Account.Name.label}" type="text" value="{!v.account.Name}"/>
            </lightning:layoutItem>
            
            <lightning:layoutItem padding="around-small">
                <lightning:select aura:id="type" label="{!v.ObjectType.Account.Type.label}" value="{!v.account.Type}">
               		<aura:iteration items="{!v.ObjectType.Account.Type.picklistOptions}" var="option">
                        <option value="{!option.value}" text="{!option.label}"/>
                    </aura:iteration>
                </lightning:select>
            </lightning:layoutItem>
            
        </lightning:layout>
        
         <lightning:layout>
             
            <lightning:layoutItem padding="around-small">
                <lightning:input aura:id="phone" type="phone" label="{!v.ObjectType.Account.Phone.label}" value="{!v.account.Phone}"/>
             </lightning:layoutItem>
            
            <lightning:layoutItem padding="around-small">
                <lightning:input aura:id="text" type="clientStatus" label="{!v.ObjectType.Account.Client_Status__c.label}" value="{!v.account.Client_Status__c}"/>
             </lightning:layoutItem>
            
        </lightning:layout>
    </div>
</aura:component>

DynamicFieldsController.js

({
	doInit : function(component, event, helper) {
		let action = component.get( "c.getObjectType" );
        action.setCallback( helper, function( response ) {
        
            if ( component.isValid() && response.getState() === 'SUCCESS' ) {
                
                // Parse the JSON string into an object
                component.set( 'v.ObjectType', JSON.parse( response.getReturnValue() ) );
                console.table( JSON.parse( response.getReturnValue() ) ); 
                
            } else {
                
                console.error( 'Error calling action "' + actionName + '" with state: ' + response.getState() );
                
            }
            
        });
        
        $A.enqueueAction( action );                
                           
	}
})

Utility.apxc

public class Utility {
    
    public static String getDescribedObjects( List<String> lstSObjectType ) {
    	
        // Globally desribe all the objects 
        Map<String, SObjectType> globalDescribe = Schema.getGlobalDescribe(); 
        // Create a JSON string with object field labels and picklist values
        String allObjJSON = '{';
        
        // Iterate over the list of objects and describe each object  
        for( String sObjectType : lstSObjectType ) {
            
            if( allObjJSON != '{' ) 
            	allObjJSON += ', ';
            allObjJSON += '"' + sObjectType + '": ';
            DescribeSObjectResult describeResult = globalDescribe.get(sObjectType).getDescribe();
            Map<String, Schema.SObjectField> desribedFields = describeResult.fields.getMap();
            String objJSON = '{';
            
            for( String fieldName :  desribedFields.keySet() ) {
                
                // Descirbe the field 
                Schema.SObjectField field = desribedFields.get( fieldName );
                Schema.DescribeFieldResult f = field.getDescribe();	   
                if( objJSON != '{' )
                    objJSON += ', ';    
                // Get the field label and append in the JSON string
                objJSON += '"' + f.getName() + '": ' + '{ "label" : "' + f.getLabel() + '"';
                
                // if it's a picklist field then also add the picklist options
                if( field.getDescribe().getType() == Schema.DisplayType.PICKLIST ){
                    
                    List <Schema.PicklistEntry> picklistValues = field.getDescribe().getPickListValues();
                	List<String> pickListOptions = new List<String>();
                    pickListOptions.add('{ "label": "--None--", "value": null }');
                    
                    for (Schema.PicklistEntry pe : picklistValues) { 
                        
                        pickListOptions.add('{ "label": "' + pe.getLabel() + '", "value": "' + pe.getValue() + '" }');
                    
                    }
                    
                    System.debug( '>>>> ' + fieldName + '>>>> ' + String.join(pickListOptions, ', ') );
                    objJSON += ', "picklistOptions": [' + String.join(pickListOptions, ', ') + ']';   
                }
                objJSON += '}';
            }
            objJSON += '}';
            
            allObjJSON += objJSON;
        }
        
        // Close the object in the JSON String
        allObjJSON += '}';
        
        System.debug( ' JSON STRING : ' + allObjJSON );
        
        return allObjJSON;
    }
}