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Differentiate between labour and land. - Economic Applications

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Question

Differentiate between labour and land.

Distinguish Between

Solution

Labour Land
1. Labour can not be separated from the labourer. 1. The land owner is a different entity from the land owned by him.
2. Labour cannot be stored or accumulated. 2. The land owner can accumulate the amount of land owned by him.
3. Labour is mobile. 3. Land is immobile.
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Chapter 4: Factors of Production - QUESTION BANK [Page 123]

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Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTION BANK | Q 47. | Page 123
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