Economy, asked by shailendra098, 1 year ago

Briefly mention the characteristics of land, Labor and capital.

Answers

Answered by ericasingh87
22

HOPE IT HELPS U ✌✌ ✌ ✌ ✌

In an economy Land, Labour and Capital r very necessary components...

Land- if a person has a land he can either start a small business owner and his/her or can give the land has a rent and earn money. A person can even use that land for farming.

Labour- it is the basic and the most imp part. If a person does not have sufficient labour for a work he can neither start a business or pick up farming as an occupation.

Capital- investment for any work is as imp as food for everyday. For buying other equipment and necessary holdings it is very needed.

PLZZZZ MRK IT BRAINLIEST.

AND FOLLOW ME

Answered by lTheDreamCatcherl
7

Man Produces Capital: ...

Capital is a Passive Factor of Production: ...

Capital is a Produced Means of Production: ...

Capital is Variable: ...

Capital is more Mobile than other Factors of Production: ...

Capital Depreciates: ...

Capital is Stored-up Labour: ...

Capital is Destructible.

Similar questions