asked 35.8k views
3 votes
In the construction of a new housing development, which factor of production can be categorized as land?

2 Answers

1 vote

short answer is B

Step-by-step explanation:

stop putting long paragraphs of useless info and just put the answer

answered
User Xaruth
by
8.7k points
4 votes
The question above is not complete, the alternatives attached to the question are as follow:

A) The people working to develop the community
B) Bike paths and stores
C) Solar power
D) The idea to develop the housing community

ANSWER
The correct option is B.
Land as a factor of production refers to all the natural resources that are free gifts of nature. According to this definition, land as a factor of production include the following: forests, oceans, rivers, mountains, climate, light, heat of the sun and natural resources such as crude oil, copper, gold, silver, coal,etc. The characteristics of land include the following: it is a free gift of nature, fixed in quantity, permanent in nature, immovable, differs in fertility, etc.

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