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Question
Name the factor of production whose supply is fixed.
One Word/Term Answer
Solution
Land
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Characteristics of Land
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RELATED QUESTIONS
Which of the following is not a characteristic of land?
Land is hetrogeneous because ______.
- It varies in fertility
- It varies in productivity
- It varies in density of population
Read the following statements carefully and choose the correct alternative:
Assertion (A): Land is a passive factor of production.
Reason (R): Capital is subject to depreciation.
Give two characteristic features of land as a factor of production.
Land can be destroyed by man.
Land is mobile
Land is a free gift of nature.
Supply of land is unlimited.
Why is land considered a passive and an indestructible factor of production.
