Question
Land and Labour.
| Land | Labour |
| (i) Land is any natural resource, available above and below the surface of the earth. | (i) Labour is any physical or mental effort undergone during the production process to earn some remuneration. |
| (ii) Land is a natural factor of production. | (ii) Labour is a human factor of production. |
| (iii) Land earns ‘Rent’ as a factor reward. | (iii) Labour earns ‘Wages’ as a factor reward. |
| (iv) Land is a durable factor. | (iv) Labour is a perishable factor. |
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