define the team land
Answers
Explanation:
Land, in the business sense, can refer to real estate or property, minus buildings, and equipment, which is designated by fixed spatial boundaries. Land ownership might offer the titleholder the right to any natural resources that exist within the boundaries of their land. Traditional economics says that land is a factor of production, along with capital and labor. The sale of land results in a capital gain or loss. Under Internal Revenue Service (IRS) tax laws, land is not a depreciable asset and qualifies as a fixed asset instead of a current asset.
KEY TAKEAWAYS
Land can refer to real estate or property, minus buildings, and equipment, which is designated by fixed spatial boundaries.
Land's main economic benefit is its scarcity.
Land, itself is a valuable resource, but if it comes with other natural resources, like oil and gas, its value increases.
Investing in land for development can be costly and may come with certain risks.
Answer:
Hope it's helpful
Explanation:
Land is the solid surface of Earth that is not permanently submerged in water. Most but not all land is situated at elevations above sea level and consists mainly of crustal components such as rock, sand, soil, and sometimes ice.