The factor of production that is relatively indestructibl...
The factor of production that is relatively indestructible and immobile is _______?
capital
labour
land
rent
Correct answer is C
land is a different type of factor of production than others. it possesses the following characteristics:-
1) free gift of nature- land is a gift of nature given to man free of cost
2) land is limited in supply- other factors of production can be increased in supply to a greater or lesser extent. but it is impossible to increase the supply of land
3) land is a primary factor of production- in every kind of production, we have to make use of land
4) land is a passive factor of production- land is a passive factor of production because it cannot produce anything by itself
5) land is permanent- land is indestructible
6)land is immovable
7) land varies in fertility
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