WAEC Economics 1993 Question 32

Question 32

Theory of Production

Land is a most significant factor in terms of contribution to the economy because

  1. A.it enables us to build industries
  2. B.we build houses on it
  3. C.all our highways are constructed on it
  4. D.we get a lot of fishes from it
  5. E.vital resources from it enrich the economy.
Show the answer and explanation

Answer: E (vital resources from it enrich the economy.)

Explanation

Land includes all natural resources – minerals, soil, forests, water – which supply the economy's raw materials.