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If you mean productive like profitable, then find its highest and best use. For example, I could have a plot of land, build a house and rent it out for $2,000 per month. But if I built a 4 story, 16 unit apartment complex and charged $750 per month per unit, then I would be bringing in $12,000 per month. You would also have to consider your build costs for each project since the house will no doubt cost less to build than the apartment complex, so you would have to work out a cost analysis before you do anything. The other thing to consider is opening a business (or leasing your land to a business). This may be the least costly to you since you can contract a long-term (20+ year) lease and have the lessee build the building at their expense. If you are in agriculture then decide what is the most profitable crop that can grow in your geographical location with the highest demand. No matter what you do, always look for the highest and best use for your land. Good luck!
What else can I help you with?
How does the marginal product of labor change as more pepople are hird?
As more people are hired, the marginal product of labor decreases because eventually having more and more employees will not make the company more productive.
How are economics and productive resources alike?
Economics and productive resources are alike in that both focus on the allocation and management of limited resources to meet human needs and wants. Economics studies how individuals and societies make choices about these resources, while productive resources—such as land, labor, and capital—are the inputs used to create goods and services. Both concepts emphasize efficiency and the trade-offs involved in decision-making processes. Ultimately, they are interconnected as productive resources are fundamental to the functioning of economic systems.
What are the three productive resources?
they are the three resources used to make profit and to make/sell things.
What are factor rewards?
A factor production is a productive resource. The four types are land, labor, capital and enterprise. Rewards for land are rent, for capital is interest, for labor is wages and enterprise is profit.
What term defines the income paid to the owner of land labor or capital in return for productive services?
The term that defines the income paid to the owner of land, labor, or capital in return for productive services is "factor income." This includes various forms of compensation such as rent for land, wages for labor, and interest or profits for capital. Factor income reflects the contributions of these resources to the production process within an economy.
How did ancient farmers in the Fertile Crescent make their land productive?
Ancient farmers in the Fertile Cresent made their land more productive by using the Tigris and Euphrates River to make land more fertile
Why farmers in the nile valley use expensive fertilizers?
to make their land more productive
Which is the process turns productive land into non productive land?
Natural Process
What would be most common for the owner of a Bonanza ranch?
to move to a more productive landraising large numbers of cattle.
What would be most common for the owner of bonanza farm?
Moving on to more productive land
What would be most common for the owner a bonanza farm?
Moving on to more productive land
What would be most common for the owners of a bonanza farm?
Moving on to more productive land
What is the process of restoring land to a more natural productive state called?
Yes Bdusj
How did the Mormons make the land in Utah so productive?
Hard labour and a communitarian system of irrigation.
Desertification is the process of making the desert green by turning it into productive agricultural land?
No, desertification is turning productive land into desert.
What are the five features of a computer that make it more productive than human beings?
write the five features of computer that more productive than a human being?
Is the process which turns productive land into non-productive deserts?
Natural Process
