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What is land ? What are the characteristics of land? |
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Answer» Land as a factor of production refers to all those natural resources or gifts of nature which are provided free to man. Characteristics of Land: 1. Land is a Free Gift of Nature 2. Land is fixed in supply 3. Land is imperishable 4. Land is a Primary Factor of Production 5. Land is Immovable 6. Land has some Original Indestructible Powers 7. Land Differs in Fertility |
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