Question

land and factor of production​

Answer 1

factors of production are :

1. Land : it is one of the moat important factor of production as without it one can't farm. Land is always fixed.

2. Labour : labourers are of two types - skilled and unskilled labourers. labourers are always abundant

3. capital : capital is of two types -

physical capital and human capital

physical capital is of two types -

working and fixed capital