Request a call back

Join NOW to get access to exclusive study material for best results

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
answered-by-expert 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
CBSE 9 - Economics
Asked by ad.avinashdubey123 | 16 Mar, 2024, 12:01: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 9 - Economics
Asked by kottursamymano | 06 Feb, 2024, 08:16: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 9 - Economics
Asked by mailtoparvathyprajith | 03 Feb, 2024, 05:04: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 9 - Economics
Asked by raviraparla752 | 30 Jan, 2024, 06:47: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 9 - Economics
Asked by ravikhatri6164 | 20 Jan, 2024, 08:13: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 9 - Economics
Asked by dv774696 | 15 Dec, 2023, 07:46: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 9 - Economics
Asked by murlidharchauhan971 | 10 Dec, 2023, 07:19: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 9 - Economics
Asked by shrimansrinath.cosmic5 | 10 Oct, 2023, 08:01: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 9 - Economics
Asked by kranjeet7495 | 29 Jun, 2022, 08:02: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 9 - Economics
Asked by rekhaojha010175 | 31 Mar, 2022, 06:39: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
Get Latest Study Material for Academic year 24-25 Click here
×