write a short note on land as a factor of production
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Answered by
30
Answer:
Hey mate your answer:
Explanation:
The first factor of production is land but this includes any natural resource use to produce goods and services .This includes not just land , but anything that comes from the land. Some common land or natural resources are water,oil, copper, natural gas,coal,and forest's.
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Answered by
15
Answer:
Land is considered the primary factor of production. Land is rich in coal, water and petroleum, which are used for generating power. Land is required to construct factories and industries to carry out the production process.
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