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State with Reason Whether You Agree Or Disagree with the Following Statement. Supply of Land is Fixed. - Economics

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प्रश्न

State with reason whether you agree or disagree with the following statement.
Supply of land is fixed.

टिप्पणी लिखिए

उत्तर

Yes, the above statement is correct. Land refers to the earth's surface. According to Dr. Alfred Marshall, land also includes water, air, heat, light, coal, gold etc. All these resources are given to mankind as free gifts of nature. Since the endowment or supply of land is fixed, and cannot be increased by human effort, we can conclude that supply of land is fixed.

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अध्याय 7: Factors of Production - Exercise 5 [पृष्ठ ६१]

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मायकल वाझ Economics [English] 12 Standard HSC
अध्याय 7 Factors of Production
Exercise 5 | Q 4 | पृष्ठ ६१

वीडियो ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्न

Features of Land.


Define or Explain the following  concepts

Land


Why do small farmers suffer during inflation?


How is land different from labour?


Explain briefly two factors affecting the productivity of the land.


Define land.


Explain four characteristics of land as a factor of production.


Explain the importance of land as a factor of production.


Distinguish between the following.

Land and capital.


Define or Explain the Land.


State whether the following statements are TRUE or FALSE with reason:

 Land is a man made factor of production. 


Distinguish between the following:

Land and capital


Give reason or explain:

The supply of land is inelastic.


State whether the following statement is TRUE and FALSE.

Land is a free gift of nature.


Fill in the blank with appropriate alternative given below

Land is subject to ___________ returns.


Fill in the blank with appropriate alternative given below

______________ is regarded as primary factor of production.


State two factors that affect the productivity of the land.


Explain any five characteristics of the land.


______ is a fixed in supply.


What is 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.


Land is a ______ factor of production.


Explain any three factors affecting productivity of land.


Read the extract and answer the following questions.

Shruti and her friends have an idea to start selling makeup kits. They already have saved money for the merchandise, models and displays. Since they all own the company, they will work for free.
  1. Name the factor of production which is not mentioned.
  2. Explain any four characteristics of the above (a) factor of production.

Factors of production are ______.


______ is not a primary factor of production.


Identify the correct statement from the following.


Which of the following are considered as factors of production?


Which of the following is not a characteristic of land?


The land is fixed in two senses.


Land is a ______ factor of production.


As land cannot produce anything by itself, therefore it is called a ______ factor of production.


Give two characteristic features of land as a factor of production.


Land is one of the most important factors of production. In this context, mention two ways in which the efficiency of land can be enhanced?


Improved technology affects the productivity of land. Explain this statement with the help of suitable examples.


State two functions of land as a factor of production.


Explain in brief, the characteristics of land with respect to its supply and use.


Explain the meaning of land as a factor of production.


Which of the following factors of production has a unique supply curve?


Explain two functions of land.


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