Tag: Factor of production: Land

Factor of production: Land Land is a factor of production. Land consists of all the things which are on the land and they could be used to produce other products. Land also consists of all the minerals or things which are under the ground.

Factor of production: Land Land is one of the factors of productions. Land consists of everything which is on the ground and also inside the ground. Supply of land remains unchanged to a large extent and land cannot be transferred from one place to another so we can that land does not have geographical mobility.