diffrence between capital nd land
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Although land can be said to be a form of capital, the major differences between the two are:
1. Land is a purely natural resource whereas capital comprises anything which has value. Ex. - money, gold, machinery etc.
2. Whereas land is a fixed resource, there is no limit to the amount of capital that can be raised.
3. Land is a primary factor of production meaning it is absolutely necessary for production whereas capital is a secondary factor of production......
Here is ur answer....
Hope this helps u 99.9%......
Although land can be said to be a form of capital, the major differences between the two are:
1. Land is a purely natural resource whereas capital comprises anything which has value. Ex. - money, gold, machinery etc.
2. Whereas land is a fixed resource, there is no limit to the amount of capital that can be raised.
3. Land is a primary factor of production meaning it is absolutely necessary for production whereas capital is a secondary factor of production......
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CAPITAL
Definition- Capital consists of anything that can enhance a person's power to perform economically useful work.
Examples-capital goods include buildings, machines, equipment, furniture and fixtures.
Uses or Used For-Capital is used to cover all of a company's short-term expenses, including inventory, payments on short-term debt and operating expenses. Basically, working capital is used to keep a business operating smoothly and meet all its financial obligations within the coming year.
LAND
Definition-Land comprises all naturally occurring resources as well as geographic land.
Examples-It include particular geographical locations, mineral deposits, forests, fish stocks, atmospheric quality, geostationary orbits, and portions of the electromagnetic spectrum. Supply of these resources is fixed.
Uses or Used For-Use of land in order to provide for community needs, economic growth, and preservation of the regional environment.
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Here your answer
See down
CAPITAL
Definition- Capital consists of anything that can enhance a person's power to perform economically useful work.
Examples-capital goods include buildings, machines, equipment, furniture and fixtures.
Uses or Used For-Capital is used to cover all of a company's short-term expenses, including inventory, payments on short-term debt and operating expenses. Basically, working capital is used to keep a business operating smoothly and meet all its financial obligations within the coming year.
LAND
Definition-Land comprises all naturally occurring resources as well as geographic land.
Examples-It include particular geographical locations, mineral deposits, forests, fish stocks, atmospheric quality, geostationary orbits, and portions of the electromagnetic spectrum. Supply of these resources is fixed.
Uses or Used For-Use of land in order to provide for community needs, economic growth, and preservation of the regional environment.
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