Question

The scarce factor of production is known as

Answer 1

non renewabale sources.

hope this helps.

Answer 2

• The land is a gift of God and is a scarce factor of production.
• The factors of production include land labor capital and Organisation.
• These factors are the building blocks of every economy and they work together to provide want satisfying goods and services for the customers.
• The land also includes all those natural resources which are used to produce goods and services.
• The forest provides various elements which are useful for production. For example, we get wood from the forest.  
• The land is also used to produce Agricultural Products.
• It is also required to construct factories and industries to carry out production purposes.