Question

what are characteristic of land?​

Answer 1

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It, therefore, means all the free gifts of nature. These natural gifts include: (i) rivers, forests, mountains and oceans; (ii) heat of sun, light, climate, weather, rainfall, etc. which are above the surface of land; (iii) minerals under the surface of the earth such as iron, coal, copper, water, etc. According to Marshall, “By land is meant… materials and forces which nature gives freely for man’s aid in land, water, air, light and heat.” Therefore, land is a stock of free gifts of nature.

Characteristics of Land:

Land possesses the following characteristics:

1. Free Gift of Nature:

Man has to make efforts in order to acquire other factors of production. But to acquire land no human efforts are needed. Land is not the outcome of human labour. Rather, it existed even long before the evolution of man.

2. Fixed Quantity:

The total quantity of land does not undergo any change. It is limited and cannot be increased or decreased with human efforts. No alteration can be made in the surface area of land.

3. Land is Permanent:

All man-made things are perishable and these may even go out of existence. But land is indestructible. Thus it cannot go out of existence. It is not destructible.

4. Land is a Primary Factor of Production:

In any kind of production process, we have to start with land. For example, in industries, it helps to provide raw materials, and in agriculture, crops are produced on land.

Answer 2

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In economics, land is one of three types of resources. There are land, labor, and capital. Resources are those things that are used to make other goods and services.

Land is defined as anything that is not made by humans but is exploited to produce a good or service. Some examples of land would be

The surface area on which a building is built

Crude oil that can be taken from the ground

Any mineral that occurs naturally and can be mined for use.

Land does not include something like the wheat that goes into bread. That is a natural product, but it was produced by people's efforts.