Enumerate five distinguishing characteristics between land and capital as factors of production

      

Enumerate five distinguishing characteristics between land and capital as factors of production.

  

Answers


Charles
1. Land is not movable while capital is movable
2. Returns for capital is profit/loss or interest while returns for land is rates
3. Land is a free gift if nature capital is earned
4. Land has no cost of production while capital involves some expenditures
5. Land is heterogeneous meaning that it differs with fertility from place to place while capital is homogeneous as its returns are uniform.
Charles W answered the question on January 5, 2018 at 11:03


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