Question

Explain the meaning of the following briefly.
(a) Land
(b) Capital​

Answer 1

Answer:

1. the solid part of the surface of the earth (not sea)
2. an area of ground

Answer 2

Answer:

Land- It includes oceans, lakes and rivers, mineral deposits, rainfall, water-power, fisheries, forests and numerous other things which nature provides and man uses. The term 'land' thus embraces all that nature has created on the earth, above the earth, and below the earth's surface.

Capital includes all goods that are made or created by humans and used for producing goods or services. Capital can include physical assets, such as a production plant, or financial assets, such as an investment portfolio. ... Capital can also refer to money invested in a business to purchase assets.