Write on difference between land and capital with examples
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Land is the first and foremost factor or production. It is the chief source of production. Economic prosperity of a country depends to a great extent on the quality of land. Land and capital are two important factors of production in economics. Land has a special meaning in Economics. It includes all those free gifts of nature which are owned and managed by individuals and institutions. In Economics, land denotes the surface of the earth as well as other elements like rivers, mountains, forests, oceans, minerals etc. There are some differences between land and capital as factors of production in economics.
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land capital refers to land,mountains,sand etc
capital means it means resource
capital means it means resource
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