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Question

Which out of the following factors of production is natural?

A
Land
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B
Capital
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C
Labour
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D
Entrepreneurship
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Solution

The correct option is A Land
The land is a gift from nature. All the natural resources used in the production of a product is considered to be a part of the land as a factor. Soil, air, water, natural vegetation are a few examples of natural resources under land as a factor of production.

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