Question

In the construction of a new housing development, which factor of production can be categorized as land? A. the people working to develop the community B. bike paths and stores C. solar power D. the idea to develop the housing community

Answer 1

The correct alternative is option B: bike paths and stores

In business, the term land refers to the sort of assets which have economic values, fixed in one place and took up  certain portion of a geographical area belonging to an organization. Things such as bike paths and stores fulfill all those two criteria.

Land is including in the factors of production that any entrepreneur possess when creating her business aiming to make profit by producing certain good or service.

The term "land" includes all physical elements in the wealth of a nation bestowed by nature; such as climate, environment, fields, forests, minerals, mountains, lakes, streams, seas, and animals. As an asset, it includes anything on the ground (such as buildings, crops, fences, trees, water).

Answer 2

Letter B so the person above is correct !!