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
Answer: Ready to fight at a moment's notice, minutemen began fighting early in the American Revolution. Their efforts at Lexington and Concord inspired many patriots to take up arms against Britain. During the wee hours of April 19, 1775, he would send out regiments of British soldiers quartered in Boston.
Explanation: Britain's General Gage had a secret plan. During the wee hours of April 19, 1775, he would send out regiments of British soldiers quartered in Boston. Their destinations were LEXINGTON, where they would capture Colonial leaders Sam Adams and John Hancock, then CONCORD, where they would seize gunpowder.
But spies and friends of the Americans leaked word of Gage's plan. Two lanterns hanging from Boston's North Church informed the countryside that the British were going to attack by sea. A series of horseback riders — men such as Paul Revere, WILLIAM DAWES and DR. SAMUEL PRESCOTT — galloped off to warn the countryside that the REGULARS (British troops) were coming.
Low dissolved oxygen concentrations that occur in many bodies of water when nutrients stimulate the growth of algae that subsequently die and are decomposed by oxygen-using bacteria.
Answer:
The formation of a glacial trough involves two processes abrasion and plucking. Abrasion is when pieces of debris in the glacier wear away at the rocks below, a bit like sandpaper. The sharper rocks in the ice can also cause scratches in the rocks called striations.
Explanation:
The Northeast became a leader in commerce because of its location and early development of industrial industries. The Northeast became a manufacturing hub in the colonies and in the newly formed United States which created specialization and the growth of commerce in this region relative to the South which was more agriculturally based.
