Question

Explain the features of land as a factor of production?

Answer 1

Explanation:

Land is a Passive Factor of Production:

This is because it cannot produce anything by itself. For example, wheat cannot grow on a piece of land automatically. To grow wheat, man has to cultivate land. Labour is an active factor but land is a passive factor of production.

I hope that's helpfull so mark me brainlist

Answer 2

Answer:

The fast-paced development of world economy accompanies an exponential increase in the complexity of the process of production. But whatever might be the evolution in economics and production, the factors of production stand unscathed. When talking about production, the first factor of production that strikes our mind is land. Interestingly, the economic definition of land does not lie within the limits of just an area.With increasing complexity in the world economy, the complexity of the production process is sky-rocketing. Luckily, production still and will continue to rely upon a certain set of factors, that enclose the ever-increasing complexities in their bubble.

These factors of production- land, labour, capital, and entrepreneur, always accompany the process of production. Every possible aspect required for production is a part of these four factors. Here, we will be talking about land.

Explanation: