Question

Explain - Land As Factors Of Production​

Answer 1

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: $\implies$ From the point of view of land as a factor of production, following are its features:

Supply is fixed: land cannot be produced

No geographical mobility: Land cannot be shifeted from a place to another

land differs in fertility: The fertility of a land differs from one place to another

Land is permanent: Land is a permanent factor of production, the rest are temporary

Answer 2

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