Write in short land as a free gift of nature.

1.	Write in short land as a free gift of nature.
Answer» Land is given to human beings as a free gift of nature. Since land is not a produced or manmade agent. It has no cost of production and hence no supply price. Those who had acquired land, in the beginning, had incurred their labour and capital for the purpose of increasing its productivity. Hence, they sell it to others only after realizing the capital and labour spent on it. Thus, rent or no-rent sale or purchase, the land remains as it is, and is available for the service of mankind as a free gift of nature.

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