characteristics of land and labour
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Land is a Passive Factor of Production:
Labour is an active factor but land is a passive factor of production.
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land characteristic is an attribute of land that can be measured or estimated. Examples are slope angle, rainfall, soil texture, available water capacity, biomass of the vegetation, etc. Land mapping units, as determined by resource surveys, are normally described in terms of land characteristics.
Perishable in Nature. ...
Browse more Topics under Theory Of Production And Cost. ...
2] Labour is Inseparable from the Labourer. ...
3] Human Effort. ...
4] Labour is Heterogeneous. ...
5] Labour has Poor Bargaining Power. ...
6] Not Easily Mobile. ...
7] Supply of Labour is relatively Inelastic.
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