Advertisements
Advertisements
Question
From the above visual depiction, identify the specific factor of production showcased in the image
Options
land
capital
labour
Entrepreneur
MCQ
Advertisements
Solution
Land
Explanation:
In economics, land represents all natural resources used to create goods and services. The image illustrates this factor by showcasing various raw, nature-provided materials such as minerals, timber, crude oil, gold, salt, and sugar. Because these resources are gifts of nature rather than man-made tools or human effort, they are classified under land.
shaalaa.com
Is there an error in this question or solution?
