1
Question
Which of the following resources fall under land as a factor of production?
Which of the following resources fall under land as a factor of production?
Open in App
Solution
The correct options are
A Soil
D Water
Soil, water, air, forests and other natural resources used and required by a product fall under the category of land as a factor of production. As all these resources are found on land, owning land provides us with all these resources. The rent earned by the land is the reward for this factor of production.
A Soil
D Water
Soil, water, air, forests and other natural resources used and required by a product fall under the category of land as a factor of production. As all these resources are found on land, owning land provides us with all these resources. The rent earned by the land is the reward for this factor of production.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
