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Question

Which of the following is not a characteristic of land?


A

Permanent

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B

Immovable

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C

Gift of nature

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D

Unlimited in supply

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Solution

The correct option is D

Unlimited in supply


A peculiar feature of land is its limited supply. The supply of other factors of production can be increased to a larger extent if required, but it is not possible to increase the supply of land.


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