explain the statement land is a natural resource and fixed in long
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In economics, land comprises all naturally occurring resources as well as geographic land. Examples include particular geographical locations, mineral deposits, forests, fish stocks, atmospheric quality, geostationary orbits, and portions of the electromagnetic spectrum. Supply of these resources is fixed.
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Land is considered an important resource because it is being used by human beings for several purposes such as agriculture, forestry, mining, building houses and roads, and setting up industries. Also, it provides habitation to a variety of flora and fauna. Hence, it is among the most important natural resources.
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