Question

any three differences between land and capital

Answer 1

Although land can be said to be a form of capital, the major differences between the two are:

1. Land is a purely natural resource whereas capital comprises anything which has value. Ex. - money, gold, machinery etc.
2. Whereas land is a fixed resource, there is no limit to the amount of capital that can be raised.
3. Land is a primary factor of production meaning it is absolutely necessary for production whereas capital is a secondary factor of production.

Answer 2

• Land Is purely a natural resource whereas capital comprises anything which has value eg:- money, gold and machinery etc