What factor of production is the most important in real estate market
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· Explanation: More specifically, capital can be the money that companies use to buy resources, as well as the physical ok
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Land factor is the most important in real estate market.
Explanation:
- Real estate business represents a significant part of people wealth. Many factors are related to the real estates business such as prices, availability and investment options. Against the factors of production that is land, labour and capital.
- The land is the most important factor in the real estate market. As its due to the availability of land and its location the capital and labour activities can take place. The value of the land determines the capital and type of labour required.
- Thus without land, the demand and supply of labour and capital cannot be evaluated.
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brainly.in/question/17996255 answered by raynanndini.
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