Question

write about any one factor of production​

Answer 1

Answer:

Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services. ... The income that resource owners earn in return for land resources is called rent.

Answer 2

One of the factors of production is land.

Explanation:

• There are four factor of production land, labour, physical capital and human capital.

• Land and additional  resources are utilised to make homes, cars, and other products.

• Land refers to all natural resources that are found in abundance on earth.

• Even resources above and below the surface of the land fall under this category.

• Land is used to produce goods. It is one of the natural and primary factor of production.

• The gifts of nature like climate, mountains, rivers, oceans are examples of land.

• In face the land is a free gift of nature and no form of production cost is associated with land.

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