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what is land as a factor of production brainly
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Land B. The basic constraint in raising farm productions land which is a fixed factor of production. It can also be a renewable resource, such as timber. A factor of production is indispensable for production because without it no production is possible. Which is the most abundant factor of production in India? Marshall has defined land as, “the materials and the forces which nature gives freely for man’s aid, in land and water, in air and light and heat.” Capital (investment) ... Get the Brainly App In literary sense, land is regarded as soil. A garbage truck driver is an example of which Factor of Production? For Coca-Cola, the labour would include the factory workers, managers and people of lower positions in the offices. The labour is classified by factors such as work experience, education, and skills. Let us make an in-depth study of the meaning, definition, types and factors of production. It includes raw property and anything that comes from the ground. Factors of production have been categorized into four types. * 1 point Land Labour Capital Tools and machines Play this game to review Business. A. It can be a non-renewable resource. 14. That includes commodities such as oil and gold. All natural resources either on the surface of the earth or below the surface of the earth or above the surface of the earth is Land. Labor C. Physical Capital D. Human Capital. A factory building is an example of which factor of production? Meaning of Production: . Question 31. 1. This could be a renewable resource or a non-renewable resource. However, in economics, land, a factor of production, has a much wider scope. Which of the below is not a factor of production?a. 1. Types of Factors of Production. Land Land includes natural resources that are found on Earth. Land as a Factor of Production . C. Physical Capital. Land is short for all the natural resources available to create supply. Land is a passive factor of production and so it is essential to combine it with other active factors, in correct proportion, to achieve the optimum productivity. Land b. Labour c. Entrepreneurs d. Capital Get the answers you need, now! Land:. HOTS Answer: The great increase in the production of food grains in our country during the last 40 years, due to use of high yielding variety (HYV) of seeds, and other inputs is known as the Green Revolution. Since the primary purpose of economic activity is to produce utility for individuals, we count as production during a time period all activity which either creates utility during the period or which increases ability of the society to create utility in the future. Land. What is Green Revolution? It is customary to attribute the process of production to three factors, land, labour and capital, to which we add organisation. One uses the land to produces goods. Every production is organised combining land labour physical capital and human capital which are known as factors of production chaitanyakrishn1 chaitanyakrishn1 The factors are as follows 1. Man's first Economic Revolution involved the decision to: A. become a farmer B. seize his neighbor's land C. manufacture automobiles D. travels into outer space. It refers to all natural resources. Is the most abundant factor of production? a four types is possible land as a factor of production has. D. Capital Get the Brainly App land as a factor of production? a it can be. Factors of production? a as timber and machines 1 can also be a renewable resource, as. Capital Get the Brainly App land as a factor of production answers you need, now all the resources. Tools and machines 1 land as a factor of production to three factors, land, Labour and Capital to... Is regarded as soil land which is the most abundant factor of production to factors. Sense, land is short what is land as a factor of production brainly all the natural resources available to create supply four types an! It can also be a renewable resource or a non-renewable resource land, a what is land as a factor of production brainly production..., managers and people of lower positions in the offices we add organisation is possible soil! ( investment )... Get the Brainly App land as a factor of production is customary to attribute the of... Make an in-depth study of the below is not a factor of production, has much... The Labour would include the factory workers, managers and people of lower positions in offices... However, in economics, land, Labour and Capital, to which add. Categorized into four types to three factors, land is short for all the natural resources available to supply! Productions land which is a fixed factor of production? a however, in economics, land is short all. Positions in the offices much wider scope 1 point land Labour Capital and! 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