Question

state any four features of land as a factor of products
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Answer 1

Correct Question:

State any four features of land as a factor of production.

Answer:

The four features of land as a factor of production are :-

1. Land is a fixed factor of production.
2. It is a free gift of nature.
3. Land being a natural resource, it is necessary to be very careful in its use because once destroyed it is very difficult to restore it.
4. The production from same piece of land can be increased by using various modern techniques.

Know more:

※ $\rm{\bold{Production\ :}}$ It is a process of combining factors of production to produce goods and services.

※ $\rm{\bold{Capital\ :}}$ It is the process of combining factors of production to produce goods and services.

※ $\rm{\bold{Types\ of\ capitals\ :}}$

1. Working capital
2. Fixed capital
3. Human capital

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