Briefly write about land as a factor of production
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The first factor of production is land, but this includes any natural resource used to produce goods and services. ... Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. Land resources are the raw materials in the production process.
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The first factor of production is land, but this includes any natural resource used to produce goods and services. ... Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. Land resources are the raw materials in the production process.
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