Question

Explain any 3 characteristics of land .​

Answer 1

Answer:

Characterstics of Land:♥♥

# Free Gift of Nature: Man has to make efforts in order to acquire other factors of production. ...

# Fixed Quantity: ...

# Land is Permanent: ...

# Land is a Primary Factor of Production: ...

# Land is a Passive Factor of Production: ...

# Land is Immovable: ...

Hope it helps u❤

Answer 2

Answer:

The three characteristics

– Immobility

Immobility is an important and unique characteristic of land, which has a significant impact on its value. Since land cannot be moved, where the land is located will have an enormous influence on its value.

- free Gift of Nature:

Man has to make efforts in order to acquire other factors of production. But to acquire land no human efforts are needed. Land is not the outcome of human labour. Rather, it existed even long before the evolution of man.

- supply of Land is Inelastic:

The demand for a particular commodity makes way for the supply of that commodity, but the supply of land cannot be increased or decreased according to its demand.

Explanation:

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