1.

What is land ? What are the characteristics of land?

Answer»

Land as a factor of production refers to all those natural resources or gifts of nature which are provided free to man.

Characteristics of Land: 

1. Land is a Free Gift of Nature 

2. Land is fixed in supply

3. Land is imperishable 

4. Land is a Primary Factor of Production

5. Land is Immovable 

6. Land has some Original Indestructible Powers 

7. Land Differs in Fertility



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