Question

mention two main difference between land and capital as factors of production​

Answer 1

Answer:

Land is a purely natural resource whereas capital comprises anything which has value. Ex. - money, gold, machinery etc. ... Land is a primary factor of production meaning it is absolutely necessary for production whereas capital is a secondary factor of productio

Explanation:

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Answer 2

Explanation:

land = it generally refer to all natural resources which are free gift of nature like forest mountain soil etc. Though land is a free gift of nature but its supply is less as compared to its demand that is why it is paid factor price.

1. land is nature's gift to man

2. land is permanent

3. land lacks mobility

capital= production without capital is hard for us even to imagine. nature cannot furnish goods and material to man unless he has the tools and machines for mining farming forestry fishing etc . capital formation is the very core of economic development.