Question

Both land & capital are scare but there is a difference between the two factors of production state the two difference between them?
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Answer 1

Answer:

Explanation:

Though both land and capital are scarce, there is a basic difference between the two factors of production. is a natural resource, whereas is man-made. It is possible to increase capital, whereas land is fixed. Therefore, it is very important that we take good care of land and other natural resources used in farming.

Answer 2

Explanation:

Explanation: The two difference between the factors are :

land has no cost of production but capital involves some cost of production . land being limited and immobile , it cannot be moved from its mean position whereas , capital can be taken to any desired place depending on the purpose , hence capital has mobility .