Which factor of production is immobile?
a) Land
b) Labour
c) Capital
d) Entrepreneur
Answers
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3
Answer:
Characteristics of Land as a Factor of Production
The land has no cost of production. It is immobile.
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Which factor of production is immobile?
a) Land b) Labour c) Capital d) Entrepreneur
The Correct Answer is :
a) Land
Explanation:
The land is the factor of production, that is immobile.
The land is a type of immovable property, which is fixed at one place, that is, it is a piece of land, which cannot be moved anywhere. The land is fixed in its place.
Labour, Resources and Entrepreneur all three can be transferred anywhere in any of the other factors of production. Hence land is one of the immobile factors of production.
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