Basic difference between the land and capital
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Land and Capital. In economics land includes all natural resources which are available on, above, and under the surface of the earth. In economics, capital refers to that of wealth which is used for further production of wealth. Land is the natural factor of production, it is permanent in nature.
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Land and Capital. In economics land includes all natural resources which are available on, above, and under the surface of the earth. In economics, capital refers to that of wealth which is used for further production of wealth.
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