Factors of Production — Economics STD 10 — Question

Land and labour can be differentiated as under:
(i) Land is immobile while labour is mobile.
(ii) Land is a passive factor of production while labour is an active factor of production.
(iii) Rent is paid on land while wages are paid to labour.
(iv) Supply of land is fixed while supply of labour is variable.
(v) Land is medium to meet the ends while labour is both medium and an end.