Land as a factor of generation refers to all such natural resources or gifts of nature that are offered free to man. It comprises within itself numerous things like land surface, water, air, minerals, rivers, forests, seas, mountains, climate and weather. Therefore, ‘Land’ comprises all things which are not made by man.Characteristics or Peculiarities of land:
(i) Land is a free reward of nature.(ii) Land is fixed (i.e., inelastic) in supply.(iii) Land is enduring.(iv) Land is stationary(v) Land varies in fertility and condition.(vi) Land is a passive factor of generation.As a gift of nature, the preliminary supply price of land is zero. Though, whenever employed in production, it becomes scarce. Hence, it fetches a price, consequently.
Latest technology based Economics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Production help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Production, project ideas and tutorials. We provide email based Production help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Production. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Production. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!