Topic Content:
- Land as a Factor of Production
- Characteristics of Land
- Contribution of Land to the Economic Development of a Country
Land is a factor of production in economics, which is a free gift of nature. Land is a natural resource on the earth’s surface and also includes mineral resources such as gold, petroleum, coal, etc.
It also includes agricultural land, seas, mines, seas, fishes, etc.
Characteristics of Land:
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