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
The answer to this India. all i know is that the cows sacred is around Nepal area which is in the Asia area but I know it has to be around India. Sacred cows were consider a Hindi it is a type or religion, they think the cows came from a goddess.
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I’m not entirely sure what is being asked here, but the Tigris and Euphrates rivers is the only place in Egypt (besides the nile delta) with non-arid ground. That’s why most people live around there:
<span>Japan is located to the east of China true or faults True</span>
Answer:
I think option B would be more accurate aND effective and easy for everyone to show Earth surface. No need for any other stuffs globe will do everything fine.
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