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Question
Land as a factor of production is ______ in nature.
Options
mobile
limited
active
perishable
MCQ
Fill in the Blanks
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Solution
Land as a factor of production is limited in nature.
Explanation:
Because it is in fixed supply and cannot be increased.
It is a natural resource provided by nature and is scarce relative to human wants.
This scarcity means that land is not available in unlimited quantities, unlike some other factors.
Therefore, it is considered limited. It is also immobile and passive, but the key characteristic in this context is its limited availability.
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