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 correct answer is - B) wave erosion.
The beach erosion is a direct result of the wave action on the coastline. The waves are very powerful when it comes to erosion, and this is because they have big power, and also the chemical components of the water that are very effective too.
The sheer power of the waves contributes to the direct breaking of the rocks into smaller pieces over time, while the water itself, is reacting with the rocks on a chemical level and slowly decomposes them. As the rocks are getting smaller and smaller because of the erosion, the tiny fractions of sand particles are forming the beaches along the coastlines.
Answer:
looks like iceland
Explanation:
the momumant in the background is a church
hope this helps!
