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What does an ecnomist mean by the term land?

Updated: 9/27/2023
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Synhia NelsonJones

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4y ago

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Land, In economics, the resource that encompasses the Natural Resources used in production. ... Land was considered to be the “original and inexhaustible gift of nature.” In modern economics, it is broadly defined to include all that nature provides, including minerals, forest products, and water and land resources.

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Q: What does an ecnomist mean by the term land?
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