Magma is called
for the <span>dense
mix of dry hot rock fragments and hot gas erupting from volcanic vent at high
speed. Gas bubble, making up the lave are energetic in nature, because they
keep on expanding in all directions, they will go all out to the only open are
of a volcano, the vent, in an upward direction. </span>
This purchase best represent land, as the factors of production
Land as a factor of production has a broad meaning and can take difference forms, from agricultural land to real estate to the available resources from a certain pieces of land.
<h2>Further Explanation</h2>
Land represents all natural resources available to create supply. Land includes raw property and anything that emanates from the ground. It can be a non-renewable or renewable resource. Non-renewable resources include commodities such as gold and oil and renewable resources such as timer.
All this becomes capital goods when it is changed from its original condition. For example, farm land is considered to be natural resources, but a mall or shopping center built on it is a capital good. Also the cultivation of crops on land improves its utility and value. In short, the primary purpose of land is to generate economic value.
Although, land as factor of production, is very essential part of many ventures. Its value can increase or diminish depending on the industry. For example, the most important investment in real estate business is land but land might not be an important investment in a technology company
The three other factors of production are labor, entrepreneurship and capital. These factors are needed mainly for supply. They are responsible for the production of goods and services in any economy.
LEARN MORE:
KEYWORDS:
- land
- capital labor
- value
- agricultural land
- goods and services
The answer to this question is slate. Slates are homogenous
metamorphic rock that came from a sedimentary rock that was formed thru metamorphism.
Slates are rocks that are used as roofs and floorings because slates are considered
to be durable and because of the fine features of this rocks it is more
presentable.
After reaching North America, humans migrated to South America.
