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What is the difference between land and capital? Differentiate between: Capital and land

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Questions

What is the difference between land and capital?

Differentiate between:

Capital and land

State any two differences between land and capital?

Distinguish Between
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Solution

Sr. No. Land Capital
i Land is a free gift of nature. Capital is manmade.
ii Land is fixed and limited in supply. Supply of capital can be increased or decreased.
iii Land is permanent. Capital depreciates and the needs to be replaced when completely worn out.
iv Land is immobile. Capital is mobile.
v Rent is paid on land. Interest is paid on capital.
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Differences Between Land and Capital
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Chapter 4: Factors of Production - QUESTIONS [Page 124]

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Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTIONS | Q 40. | Page 124
Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTIONS | Q 21. (b) (iii) | Page 126
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