Q31. When neo-economists use the term, “land”, its definition-

(a) Is much more general than when economists use it

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(b) Is much more restrictive than when economists use it

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(d) Includes all types of natural resources

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Solution

The correct option is D (d) Includes all types of natural resources
(d) When neo-economists use the term, “land”, its definition includes all types of natural resources.

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