what is land what are land characteristics of land
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Land refers to those natural resources that are useful and scarce. In other words, land stands for all natural resources, which yield an income or have an exchange value. Land as a factor of production has the following characteristic features: 1) Land is fixed in quantity. It is said that land has no supply price.
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Land the word refers to nature. Land helps us to grow our fruits, vegetables and other requirements. It can be barren or fully green. It also helps to grow many plants.
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