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.
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KEYWORDS:
- land
- capital labor
- value
- agricultural land
- goods and services
This philosophy was centered around the family and drew parallels from the father child relationship to the emperor subject relationship<span />
Salutations!
Describe the difference between revolution and a rotation, explain why each is important.
Revolution - Revolution is when the Earth revolves around the sun. This process takes 365 days/ 1 year.
Rotation - Rotation and revolution are both different. Rotation is when Earth is spinning on its own axis and also revolving around the sun. Rotation gives us day and night.
Why are they important?
Rotations gives us day and night which is 24 hours. Revolution gives us season. Earth's spins controls our live. We sleep at night and are awake in the days. Both of the spins are very vital to us.
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The correct answer is letter C. Throughout the history of America, land grants have not been very common. As this was a practice that governments did not approve of because of the ancestral settlers that inhabited the areas first. This was a long debate that have spun through the ages and many conflicts arose from this problem.
