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
One physical feature is a mountain.
The sun. But at the center of our galaxy (Milky Way) is a supermassive black hole called Sagittarius A- star
The answer is C
the continental crust is mostly granite while the oceanic crust is mostly basalt
Answer:
Explanation:
The FitnessGram Pacer Test is a multistage aerobic capacity test that progressively gets more difficult as it continues. Students begin at the starting line. Once the test begins, the running speed starts slowly, but gets faster each minute after you hear the signal (beep). A single lap (length of the basketball court), should be completed when you hear this signal (ding). The second time you fail to complete a lap before the sound, your test is over.