Question

how land is a factor of production give correct answer​

Answer 1

Answer:

here is the answer

Explanation:

The first factor of production is 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. Some common land or natural resources are water, oil, copper, natural gas, coal, and forests.

Answer 2

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Explanation: Land is a fixed factor of production. When more and more units of labour and capital are applied to land, the total output increase but only at a decreasing rate. Thus, we can say that land is subject to diminishing returns.