Question

write three difences between land and capital​

Answer 1

Answer:

Land is a purely natural resource whereas capital comprises anything which has value. Ex. - money, gold, machinery etc. ... Land is a primary factor of production meaning it is absolutely necessary for production whereas capital is a secondary factor of production.

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Explanation:

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Answer 2

The land is the natural resource whereas capital is the man-made resource.

LAND:

• The land is the immovable resource
• The value of land is always appreciated
• It is permanent and we cannot destroy it
• It may be private or public property

CAPITAL:

• Capital is the movable resource
• It is temporary because it is man-made
• The value of capital get depreciated every year

• It is private property