Social Sciences, asked by karankujur135, 3 months ago

10. What is the basic difference between two factors of production-land and
capital?
​

Answers

Answered by sachin2540gupta
0

Answer:

Solution

LAND CAPITAL

Nature of Factor Land is the natural factor of production, it is permanent in nature. Capital is a man made factor of production. It lacks permanency.

Elasticity The elasticity of land is perfectly inelastic. The elasticity of capital is relatively elastic.

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