Economic Awareness - Sectors of Indian Economy
Which of the following is NOT a characteristic of 'Land' as a factor of production?
Which of the following is NOT a characteristic of 'Land' as a factor of production?
medium Q14 of 15
Step-by-Step Solution
Step 1: Understand characteristics of land
Land includes natural resources and is considered a free gift of nature with a fixed supply.Step 2: Analyze each option
Land is generally non-renewable or limited in supply; it yields rent as income. Being renewable is not a typical characteristic of land.Final Answer:
It is a renewable resource → Option AQuick Check:
It is a renewable resource = correct ✅
Quick Trick: Land supply is fixed, unlike labour or capital.
Common Mistakes:
MISTAKES- Assuming land is renewable like labour or capital.
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