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Question
Land is a ______ factor of production.
Options
Temporary
Permanent
Active
Mobile
MCQ
Fill in the Blanks
Solution
Land is a permanent factor of production.
Explanation:
- Land is considered a permanent factor of production because it is a natural resource that exists continuously and does not wear out or get used up like other inputs.
- Its supply remains fixed, making it a stable and enduring part of production.
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