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
Two people from completely different cultures can come together and reproduce and their children or child could be classified in both culture groups.
None that he knows of. He was raised by his uncle and grew up with his cousin, and it is unknown if he has any siblings.
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Answer:
Geography is the study of Earth's natural features. Hills, plains, and rivers are a few examples.
Explanation:
<span>Wind is moving air and is caused by differences in air pressure within' the atmosphere. Weather is basically, the temperature, wether it's humid, wet, soggy, etc. Weather is mainly the deciding factor on how things will be in the area you are at. It could be raining, in let's say New York while it's hot and humid in Texas.
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