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What is the difference between land and capital? Differentiate between: Capital and land - Economic Applications

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Questions

What is the difference between land and capital?

Differentiate between:

Capital and land

Distinguish Between

Solution

Points Land Capital
i Land is a free gift of nature. Capital is manmade.
ii Land is fixed and limited in supply. Supply of capital can be increased or decreased.
iii Land is permanent. Capital depreciates and the needs to be replaced when completely worn out.
iv Land is immobile. Capital is mobile.
v Rent is paid on land. Interest is paid on capital.
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Differences Between Land and Capital
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Chapter 4: Factors of Production - QUESTIONS [Page 116]

APPEARS IN

Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTIONS | Q 40. | Page 116
Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTIONS | Q 21. (b) (iii) | Page 118
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