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❗❕ What do you mean by land ?❗❕
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It is the resource that has no cost of production and, although its usage can be switched from a less to more profitable one, its supply cannot be increased. The term 'land' includes all physical elements in the wealth of a nation bestowed by nature; such as climate, environment, fields, forests, minerals, mountains, lakes, streams, seas, and animals.
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Hey! mate, GOOD EVENING☺
LAND - The solid surface of the Earth that is not covered with water.
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