Question

Which of the following is an example of a land resource Cow Factory Employee Tractor

Answer 1

Cow

Further Explanation:

In economics, land includes all the natural occurring resources along with the Geographic land. It includes Geographical locations as well as mineral deposits, Forests, Fish, Cows. Supply with regards to these resources is fixed. Land comes under one of the three factors of production. The other two factors are Capital and labor. Livestock also comes under land resources. Domesticated animals are most of the times referred as livestock. Horses are considered to be the part of livestock in the United States. In traditional times, Animal husbandry was known to be a part of a farmer’s way of life. Killing animal for food was considered to be secondary purpose. Animals are kept extensively. Hens used to live for months without being fed but they were still able to produce one or two eggs a week and dairy cows are kept in conditions where there is no or very less Gazing field available.  

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Answer Details

Grade: High School

Chapter: Land Resources

Subject: Economics

Keywords: Livestock, Cows, Farming, Hens, Eggs, Land resources, economics, farmers, gazing.

Answer 2

Cow is an example of a land resource.

A resource can be defined as whatever people use to create services and goods. Resources or factors of production are needed to provide goods or services.

Further Explanation:

Factors of reproduction  

• Factors of reproduction or resources are inputs or resources that are used in the generation of goods and services with an aim of making profit.
• There are four main factors of production which include; Land, Labor, Capital and Entrepreneurship.

Land  

• This refers to all the natural resources that are available to be used in the production of goods.
• These natural resources includes raw materials from the ground, non-renewable resources such as petroleum and renewable resources such as timber.
• The income or reward earned from land as a factor of production is rent.

Labor  

• This refers to the manpower or work done by human beings.
• The value of labor depends on the skills, education and motivation of workers.  
• The reward for labor as a factor of production is wages and salaries.

Capital  

• This refers to the capital goods, that is, man-made objects that are used for production of goods and services such as machinery, equipment and chemicals.
• They also include industries and commercial buildings.
• The reward or income earned from capital goods is interest  

Entrepreneurship  

• It involves coming up with an idea and developing it into profitable business.
• An entrepreneur is therefore an individual who combines the other factors of production to build a business and add the supply in the economy.
• The reward or income earned by entrepreneurs is profit.

Keywords: Factors of production, labor, land, capital  

Learn more about

• Factors of reproduction: brainly.com/question/2709784
• Reward for factors of reproduction: brainly.com/question/2709784

• Land as a resource: brainly.com/question/2709784

Level: High school  

Subject: Business  

Topic: Factors of reproduction