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
Answer:
mark as brainlist
Explanation:
The Pyrenees mountain range forms an effective land barrier in the northeast, separating the Iberian Peninsula from the rest of Europe, and in the south at Gibraltar the peninsula is separated from North Africa by the narrow Strait of Gibraltar.
According to the First World War page on the Australian War Memorial website from a population of fewer than five million, 416,809 men enlisted, of which over 60,000 were killed and 156,000 wounded, gassed, or taken prisoner. The latest figure for those killed is given as 62,000.
Answer:
It would seem that the answer in the question is correct
Explanation:
falls in the form of ice or snow is already unusable because of acid rain evaporates back into the atmosphere is taken up by plants or other organisms either runs off to form rivers or filters down into underground aquifers
Not sure what the question was here
