Question 40
Theory of ProductionLand is often different from other factors of production because it
- A.is a free gift of nature
- B.constitutes one-third of the entire world
- C.has different grades
- D.is owned by individuals
- E.is owned by government.
Show the answer and explanation
Answer: A (is a free gift of nature)
Explanation
Land is not made by man; it is a free gift of nature, unlike labour effort, capital and enterprise.