21-01-2021
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What is the similarity between land and capital in economics/

Respuesta :

kimlol685 kimlol685

21-01-2021

Explanation:

Land and Capital. In economics land includes all natural resources which are available on, above, and under the surface of the earth. In economics, capital refers to that of wealth which is used for further production of wealth. Land is the natural factor of production, it is permanent in nature.

Answer Link

dubeyshailja64 dubeyshailja64

13-07-2022

land and capital are both considered factors of production in any manufacturing industry.

What is economics?

Economics is a study related to money or wealth and production and consumption took place in a country. It helps to know about the availability and scarcity of resources.

The Land refers to natural resources found on earth used to establish manufacturing units and warehouses. Capital refers to funds or wealth of business utilized to perform business operations and manufacturing of products.

The land and Capital both are utilized in the production of raw materials and to supply to the consumer.

Learn more about scarcity, here:

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