Question

Why is land a fixed factor of production

Answer 1

Land is a strictly fixed factor of production. ... This means that no amount of change in demand can change the supply of land. To point out, this characteristic is evidence that the supply of land is perfectly inelastic. However, any free gift of nature is abundant, when seen through the lens of a single firm

Answer 2

land is the fixed factor of production because :

1. all the living beings are depends directly or indirectly up on the land.
2. all the factories, cultivation, farmers, nature are directly depends up on land , which are the important factors of development .
3. all human beings and human activities are directly depends up on land to develop our economy.

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