Question

describe the following (a) land (b) labour (c) capital (d) human capital

Answer 1

LAND- land comprises all natural resources such as mineral,deposit,fish stocks,water,forest,atmospheric quality.,etc.

LABOUR- Labour refers to the number of people workers in the economy.

CAPITAL- Capital generally refers to financial wealth, especially that used to start or maintain a business.

HUMAN CAPITAL- The skills,ability,knowledge or other intangible assests of humans which influence their productive capacity and earning is known as human capital.