Question

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

Answer 1

Answer:

Factors of Production – Land

The fast-paced development of world economy accompanies an exponential increase in the complexity of the process of production. But whatever might be the evolution in economics and production, the factors of production stand unscathed. When talking about production, the first factor of production that strikes our mind is land. Interestingly, the economic definition of land does not lie within the limits of just an area.

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 .