Question

(1) Land as a factor of production.​

Answer 1

Answer:

Land is short for all the natural resources available to create supply. It includes raw property and anything that comes from the ground. It can be a non-renewable resource. That includes commodities such as oil and gold. It can also be a renewable resource, such as timber. Once man changes it from its original condition, it becomes a capital good. For example, oil is a natural resource, but gasoline is a capital good. Farmland is a natural resource, but a shopping center is a capital good.

Answer 2

Explanation:

Land is short for all the natural resources available to create supply . it includes raw property and anything that comes from the ground. It can be a non- renewable resource. that includes commodities such as oil and gold .

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