Question
Land and Capital.

Answer

LandCapital
(i) Land is any natural resource available above and below the surface of the earth.(i) Capital is a produced means for further production.
(ii) Land is a natural factor of production.(ii) Capital is a man-made factor of production.
(iii) Land earns a reward in the form of ‘Rent’.(iii) Capital earns a reward in the form of ‘Interest’.
(iv) In economics, minerals, soil, mountains, etc., are considered as land.(iv) Machinery, factory building, tools, etc. are examples of capital.

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