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State Whether the Following Statements Are True Or False with Reason: Land is a Man Made Factor of Production. - Economics

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Question

State whether the following statements are TRUE or FALSE with reason:

 Land is a man made factor of production. 

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Solution

False, land is not a man made factor of production.
Explanation:
Land is the surface of the earth which is a natural factor. It is not a man made factor.

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2010-2011 (March)

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