explain any 3 importance of land as a factor of production
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Land is rich in coal, water and petroleum, which are used for generating power. Land is required to construct factories and industries to carry out the production process. Land is of great importance to mankind. A nation's economic wealth is directly related to the richness of its natural resources.
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importance of land as a factor of production are
1. it is source for various resource like fossilfuels
2.it is a fixed factor of production
3.it is free gift of nature
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