The factor of production that is relatively indestructibl...
The factor of production that is relatively indestructible and immobile is _______?
capital
labour
land
rent
Correct answer is C
land is a different type of factor of production than others. it possesses the following characteristics:-
1) free gift of nature- land is a gift of nature given to man free of cost
2) land is limited in supply- other factors of production can be increased in supply to a greater or lesser extent. but it is impossible to increase the supply of land
3) land is a primary factor of production- in every kind of production, we have to make use of land
4) land is a passive factor of production- land is a passive factor of production because it cannot produce anything by itself
5) land is permanent- land is indestructible
6)land is immovable
7) land varies in fertility
Which of the is used in calculating working capital? ...
A form of business unit in which members are given patronage allowance is ...
RRF as a scheme introduced by the central bank of Nigeria means ...
Sole proprietors finance their businesses through ...
One of the most important function of marketing is? ...
Which of the following is best organized as a partnership? ...
The major divisions of Commerce are? ...
A communication process providing information for decision-making in an organization is the? ...