How is land as a factor of production different from labour
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It refers to all natural resources which are free gifts of nature. Land, therefore, includes all gifts of nature available to mankind—both on the surface and under the surface, e.g., soil, rivers, waters, forests, mountains, mines, deserts, seas, climate, rains, air, sun, etc.
Land but this includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land.
HOPE IT IS USEFUL....
Land but this includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land.
HOPE IT IS USEFUL....
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