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1 December, 08:42

Which of the following lists would an economist consider to be land?

farm fields, tractors, pesticides, fertilizers

iron ore, natural gas, fertile soil, water

dams, bridges, rock quarries, oil wells

factories, office buildings, assembly lines, workers

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  1. 1 December, 09:27
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    The answer would be B) or the 2) classical economics, the three factors of production are land, labour, and capital. Land was considered to be the "original and inexhaustible gift of nature." In modern economics, it is broadly defined to include all that nature provides, including minerals, forest products, and water and land resources.
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