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WAEC Agricultural Science 2020 Question 9

Question 9

Basic Agricultural Economics

Which factor of production has the following characteristics?
I. Free gift of nature
II. Limited in supply
III. Immobile

  1. A.Land
  2. B.Labour
  3. C.Capital
  4. D.Entrepreneur
Show the answer and explanation

Answer: A (Land)

Explanation

Land is a free gift of nature, fixed in supply and immobile.