Question

Write any 3 differences between land and capital.​

Answer 1

Answer:

$\huge \tt \pink{꧁༺ǟռֆաɛʀ༻꧂}$

️‍️

️‍️

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.

️‍️

️‍️

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.

Answer 2

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.

Hope it helps...