CBSE Class 9 Answered
State the any four characteristics of labour as a factor of production
Asked by shubhamsingf123 | 06 May, 2019, 06:06: PM
Expert Answer
Characteristics of land are:
1. Land is limited in supply: Supply of land is fixed as it is given by nature.
2. Gifts of nature: Land is a gift of nature which does not have any cost of production. Land is readily available for any use. However, other agents of production are available at a cost.
3. Primary factor of production: Land is a basic factor of production because it cannot produce anything by itself.
4. Land is immobile: Land cannot move, but labour and capital can move in the process. It is fixed and cannot move from one place to another place
Answered by Christina | 07 May, 2019, 09:59: AM
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