English

State whether the following statement is True or False. Land is a free gift of nature.

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Question

State whether the following statement is True or False.

Land is a free gift of nature.

Options

  • True

  • False

MCQ
True or False
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Solution

This statement is true.

Explanation:

Land is considered a free gift of nature because it exists without the need for human labour and has zero production costs. It includes all natural resources provided by the environment, such as soil, water, air, sunshine, and minerals, which are not created by humans.

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Chapter 7: Factors of Production - Exercise 1 [Page 60]

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Micheal Vaz Economics [English] 12 Standard HSC
Chapter 7 Factors of Production
Exercise 1 | Q 3.5 | Page 60
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