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प्रश्न
Explain in brief, the characteristics of land with respect to its supply and use.
उत्तर
- 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.
- Land has many uses: We can make use of land in many ways. On land, cultivation can be done, factories can be set up, roads or railway tracks can be constructed, buildings can be raised, and so on.
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संबंधित प्रश्न
Define or explain the following concept:
Land
Fill in the blank with appropriate alternative given below
Land is a free gift of _______________.
Mention two ways by which land differs from other factors of production.
______ is a fixed in supply.
______ of Land differs in different places of the land.
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.
The productivity of land is not affected by ______.
As land cannot produce anything by itself, therefore it is called 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.
