asked 176k views
2 votes
What is the basic difference between two factors of production land and capital

1 Answer

4 votes

Answer:

Land refers to natural resources, while labor is the work that goes into production. Capital is the tools and buildings used to produce things, and entrepreneurship is the know-how of putting it all together.

Step-by-step explanation:

Land is a natural resource whereas money is man-made. It is possible to increase capital, whereas land is fixed.

answered
User George Oiko
by
8.6k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.