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What is an example of land as a factor of production?

Tuan Tran ∙

Lvl 2

∙ 3y ago

Updated: 11/21/2022

Farm - primary source of land for production.

Refinement / manufacturing plant uses the land to produces goods.

Charlie ∙

Lvl 3

∙ 3y ago

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Briefly discuss Rent with the help of example?

Remuneration for land (a factor of production) is called rent.

What is considered the passive factor in production?

land

What do you mean by land in economics?

Land is a factor of production. It includes land as well as all the natural resources available to us. for example, minerals, fertile soil, forests, oil etc by Sana

Example of what factor of production?

Land, Labour, Capital and Entrepreneurship are the factors of production. Examples are Land, Labour in the form of employees, Capital like machinery used in different companies and industries are examples of factors of production.

Which is the most important factor of production?

land , labor and capital

Related Questions

Ground water is an example of which factor of production?

land

Briefly discuss Rent with the help of example?

Remuneration for land (a factor of production) is called rent.

What is considered the passive factor in production?

land

What is considered the passive factor production?

land

What do you mean by land in economics?

Land is a factor of production. It includes land as well as all the natural resources available to us. for example, minerals, fertile soil, forests, oil etc by Sana

Example of what factor of production?

Land, Labour, Capital and Entrepreneurship are the factors of production. Examples are Land, Labour in the form of employees, Capital like machinery used in different companies and industries are examples of factors of production.

What are the risks in farming?

scarcity of factor of production land

What do you understand by land?

Land as a factor of production is a free gift of nature and is fixed.

What do you understand by land consolidation?

Land as a factor of production is a free gift of nature and is fixed.

Which is the most important factor of production?

land , labor and capital

An office building is an example of which factor of production?

capital

A factory supervisor is an example of which factor of production?

management

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