Question

please give me answer.​

Answer 1

Answer:

LAND CAPITAL

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.

Elasticity The elasticity of land is perfectly inelastic. The elasticity of capital is relatively elastic.

Answer 2

Land refers to the area over which production takes place whereas capital refers to the money which is needed for production of goods.