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Question
Which of the following is not a characteristic feature of land?
Options
Free gift of nature
Supply is fixed
A mobile factor of production
A passive factor of production
Solution
A mobile factor of production
Explanation:
- Land is considered a fixed and immobile factor of production, meaning it cannot be moved from one place to another.
- (a) Free gift of nature, (b) Supply is fixed, and (d) A passive factor of production are all characteristic features of land.
- (c) A mobile factor of production is not a characteristic of land, as land cannot be moved and is fixed in location.
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