explain land as a resource in detail
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Land, In economics, the resource that encompasses the natural resources used in production. ... Land was considered to be the “original and inexhaustible gift of nature.” In modern economics, it is broadly defined to include all that nature provides, including minerals, forest products, and water and land resources.
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Land is considered as an important resource as it provides habitation to a wide variety of flora and fauna. It is used by human beings for various purposes such as agriculture, forestry, mining, building houses and roads, and setting up industries.
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