Social Sciences, asked by sharma4912916, 15 days ago

Write any 3 differences between land and capital.

Answers

Answered by Anonymous

Answer:

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LAND

Nature of Factor:- Land is the natural factor of production, it is permanent in nature.
Elasticity:- The elasticity of land is perfectly inelastic.
Mobility :- Land is perfectly immobile.

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CAPITAL

Nature of Factor:- Capital is a man made factor of production. It lacks permanency.
Elasticity:- The elasticity of capital is relatively elastic.
Mobility :- Capital is mobile factor.

Answered by jahnavig888

Answer:

Land :

Nature of Factor Land is the natural factor of production, it is permanent in nature. The elasticity of land is perfectly inelastic. Land is perfectly immobile. The value of land is normally appreciated.

Capital :

Capital is a man made factor of production. It lacks permanency. The elasticity of capital is relatively elastic. It is a mobile factor. The value of capital depreciates.

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