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Which of the following is not a characteristics of Land?
- a)It is a free gift of nature
- b)It is a mobile factor of production
- c)It is limited in quantity
- d)Its productive power is indestructible.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Which of the following is not a characteristics of Land?a)It is a free...
Land is not geographically mobile. But, it is occupationally mobile. In most parts of India, for example, land has many alternative uses. It might be used for farmland, roads, railways, airlines, public parks, playgrounds, residential housing, office buildings, shopping complex and so on. Some of the land, for example, in hill area of, say, Shillong or Darjeeling, has an extremely limited degree of occupational mobility, being useful perhaps for sheep grazing, golf course or as a centre of tourism.
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Most Upvoted Answer
Which of the following is not a characteristics of Land?a)It is a free...
Characteristics of Land
Land is one of the factors of production and has the following characteristics:
1. Free Gift of Nature: Land is a natural resource and is a gift of nature. It is not created by human efforts.
2. Limited in Quantity: Land is limited in quantity and cannot be increased. This makes it a scarce resource.
3. Indestructible: Land is indestructible and its productive power remains the same over time. However, the quality of land can deteriorate due to various factors like pollution, erosion, etc.
4. Heterogeneous: Land is heterogeneous in nature i.e. it differs in quality and fertility from one location to another.
5. Immobile: Land is immobile and cannot be moved from one place to another. This makes it different from other factors of production like labor and capital.
Why is Land not a mobile factor of production?
Land is not a mobile factor of production because it cannot be moved from one place to another. It is fixed in its location and cannot be transported like other factors of production such as labor and capital. The immobility of land makes it difficult to use it in different locations. The productivity of land is influenced by its location, climate, and soil quality, so it cannot be easily substituted by land in another location. For example, if a farmer owns a piece of land in a particular location, he cannot use the same land for farming in another location. This makes land a unique factor of production that cannot be substituted easily.
Land is one of the factors of production and has the following characteristics:
1. Free Gift of Nature: Land is a natural resource and is a gift of nature. It is not created by human efforts.
2. Limited in Quantity: Land is limited in quantity and cannot be increased. This makes it a scarce resource.
3. Indestructible: Land is indestructible and its productive power remains the same over time. However, the quality of land can deteriorate due to various factors like pollution, erosion, etc.
4. Heterogeneous: Land is heterogeneous in nature i.e. it differs in quality and fertility from one location to another.
5. Immobile: Land is immobile and cannot be moved from one place to another. This makes it different from other factors of production like labor and capital.
Why is Land not a mobile factor of production?
Land is not a mobile factor of production because it cannot be moved from one place to another. It is fixed in its location and cannot be transported like other factors of production such as labor and capital. The immobility of land makes it difficult to use it in different locations. The productivity of land is influenced by its location, climate, and soil quality, so it cannot be easily substituted by land in another location. For example, if a farmer owns a piece of land in a particular location, he cannot use the same land for farming in another location. This makes land a unique factor of production that cannot be substituted easily.
Community Answer
Which of the following is not a characteristics of Land?a)It is a free...
We can't move land from one place to another.
It is an immovable property.
It is not transferable( like goods) from one person to another.
It is an immovable property.
It is not transferable( like goods) from one person to another.
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Which of the following is not a characteristics of Land?a)It is a free gift of natureb)It is a mobile factor of productionc)It is limited in quantityd)Its productive power is indestructible.Correct answer is option 'B'. Can you explain this answer?
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Which of the following is not a characteristics of Land?a)It is a free gift of natureb)It is a mobile factor of productionc)It is limited in quantityd)Its productive power is indestructible.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is not a characteristics of Land?a)It is a free gift of natureb)It is a mobile factor of productionc)It is limited in quantityd)Its productive power is indestructible.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is not a characteristics of Land?a)It is a free gift of natureb)It is a mobile factor of productionc)It is limited in quantityd)Its productive power is indestructible.Correct answer is option 'B'. Can you explain this answer?.
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