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प्रश्न
What are the characteristics of land?
संक्षेप में उत्तर
उत्तर
- The land is a primary factor of production
- The land is a passive factor of production
- Land is the free gift of nature
- Land has no cost of production
- Land is fixed in supply. It is inelastic in supply
- Land is permanent
- Land is immovable
- Land is heterogeneous as it differs infertility
- Land has alternative uses
- Land is subject to the Law of Diminishing Returns.
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Features of the Factors of Production
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संबंधित प्रश्न
The primary factors of production are:
The man-made physical goods used to produce other goods and services are referred to as.
Which factor is called the changing agent of the Society
In a firm, 5 units of factors produce 24units of the product. When the number of factor increases by one, the production increases to 30 units. Calculate the Average Product.
Which of the following is not a characteristic of land?
Classify the factors of production.
Define Labour.
