Question

Mention two ways in which land is
different from capital.​

Answer 1

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Land:- Land is motionless. Supply of land is fixed. It is a free gift of nature and limited in supply. Land is permanent and indestructible.

Capital:- Capital is moved easily. Supply of capital can be increased or decreased. Capital is perishable. Capital is man-made.

Answer 2

LAND

a. Nature of Factor Land is the natural factor of production, it is permanent in nature. Capital is a man made factor of production. It lacks permanency.

b. Elasticity The elasticity of land is perfectly inelastic.

CAPITAL a. Capital is a man made factor of production. It lacks permanency.

b. The elasticity of capital is relatively elastic.