Distinguish between land and capital
theJatin:
=_=
Answers
Answered by
6
Land can't be used for exchange while money is used as exchange material.
Thank you
Thank you
Answered by
3
Answer:
As per the question,
Distinguish between land and capital
Land :
* Usable by itself and remains with in your hand after use
* Accept depreciation
* Risk belong to the owner
* The Land is that factor of production which is available to us as a free gift of nature. It did not include not only the soil but also other free gifts of nature ( Like the forest, water, natural resources etc. )
Capital :
* Does not have its own use only a medium of exchange
* Does not have depreciate
* Does not belong to the owner
Similar questions