Question

Explain land as a factor of production.​

Answer 1

Explanation:

1. land is a fixed factor of production.
2. it is a free gift of nature.
3. production from the same place of land can be increased by using various mordern techniques.

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Answer 2

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Land is a resource having finite magnitude and it helps in production in following ways.

• Agriculture = In this way land helps in production of crops.
• Industry = They are processed here to make useful things.
• Services = Land is used to transport things which helps in transferring of products / things from one place to another place..

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