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प्रश्न
Give two characteristic features of land as a factor of production.
उत्तर
The land is a different type of factor of production than others. It possesses the following characteristics:
- Free Gift of Nature: Land is a gift of nature given to man free of cost. A man has to spend nothing to obtain it. He has to make no effort to get it. The land has no cost of production. All other factors of production have to be produced at a cost.
- Limited in Supply: A peculiar feature of land is its fixed supply. Other factors of production can increase the supply to a great extent. No human power can alter the supply of land. So land is the only factor in production whose supply is fixed regardless of price. The supply curve of land is a vertical line at a given quantity.
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संबंधित प्रश्न
Features of Land.
Define land.
Students are asked to visit local farmers and to discuss the land and its characteristics. Collect some photographs of land and make an album.
Consider the following statement and choose the appropriate answer:
- Land is movable
- Land differs infertility.
- Land has some original Indestructible powers.
- The land is perishable.
Land is a ______ factor of production.
Explain any three factors affecting productivity of land.
______ is not a primary factor of production.
Which of the following are considered as factors of production?
Explain in brief, the characteristics of land with respect to its supply and use.
Explain four reasons as to why land is considered to be an important factor of production.
