Question

write any three differences between land and capital ​

Answer 1

Answer:

Solution

LAND. CAPITAL

Nature of Factor Land is the natural factor of production, it is permanent in nature.

Capital is a man made factor of production. It lacks permanency.

Elasticity The elasticity of land is perfectly inelastic. The elasticity of capital is relatively elastic

Answer 2

Answer:

land

nature of factor land is the natural

factor of production it is permanent in nature.

elasticity the elasticity of land is perfectly inelastic

land is perfectly immobile

capital

capital is the man made factor of production it lacks permanency.

the elasticity of capital is relatively elastic

capital is mobile factor