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Sunshine is considerd land in Economics - Economic Applications

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Question

Sunshine is considerd land in Economics

Options

  • True

  • False

MCQ
True or False

Solution

This statement is False.

Explanation:

In economics, land refers to all natural resources used in the production process. This includes physical land and resources like sunlight, air, water, and minerals. Therefore, sunshine is considered a part of land in economic terms, as it is a natural resource that can be used, for example, in agriculture (for growing crops) or solar energy production.

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Productivity of Land
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Chapter 4: Factors of Production - QUESTIONS [Page 112]

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Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTIONS | Q 52. | Page 112
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