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
In the African countries where HIV/AIDS is a big problem the economies have big problems. People that have it are usually young people, they lack the physical power and the concentration to be effective workers, or they can not work at all, and this affects the economy because the efficiency is very low or non existent from the people that have HIV/AIDS. Also, this means that this people need medical care, an expensive one, and they usually do not have the resources to pay for it, so the governments spend big amounts of money on this as well.
Is this multiple choice? If so, can you show it so I can help?
They most likely have faculties that treat ocean water.
Ok so the answer will be C
