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| 1. |
Difference between land and capital |
| Answer» 1.\xa0land is natural resource and capital is money2 land is the first requirement whereas capital is the third3 land is fixed and capital is important for productionAlthough land can be said to be a form of capital, the major differences between the two are:1. Land is a purely natural resource whereas capital comprises anything which has value. Ex. - money, gold, machinery etc.2. Whereas land is a fixed resource,\xa0there is no limit to the amount of capital that can be raised.3. Land is a primary factor of production meaning it is absolutely necessary for production whereas capital is a secondary factor of production. | |