A factory building is an example of which factor of production? Land Land includes natural resources that are found on Earth. 14. Types of Factors of Production. This could be a renewable resource or a non-renewable resource. That includes commodities such as oil and gold. It can be a non-renewable resource. Land is short for all the natural resources available to create supply. Land B. Which of the below is not a factor of production?a. Man's first Economic Revolution involved the decision to: A. become a farmer B. seize his neighbor's land C. manufacture automobiles D. travels into outer space. Factors of production have been categorized into four types. Question 31. It can also be a renewable resource, such as timber. The basic constraint in raising farm productions land which is a fixed factor of production. C. Physical Capital. * 1 point Land Labour Capital Tools and machines What is Green Revolution? All natural resources either on the surface of the earth or below the surface of the earth or above the surface of the earth is Land. It includes raw property and anything that comes from the ground. Capital (investment) ... Get the Brainly App Land is a passive factor of production and so it is essential to combine it with other active factors, in correct proportion, to achieve the optimum productivity. A factor of production is indispensable for production because without it no production is possible. In literary sense, land is regarded as soil. One uses the land to produces goods. Land. Play this game to review Business. 1. It is customary to attribute the process of production to three factors, land, labour and capital, to which we add organisation. Land as a Factor of Production . The labour is classified by factors such as work experience, education, and skills. For Coca-Cola, the labour would include the factory workers, managers and people of lower positions in the offices. However, in economics, land, a factor of production, has a much wider scope. It refers to all natural resources. Land:. A garbage truck driver is an example of which Factor of Production? HOTS Answer: The great increase in the production of food grains in our country during the last 40 years, due to use of high yielding variety (HYV) of seeds, and other inputs is known as the Green Revolution. 1. Let us make an in-depth study of the meaning, definition, types and factors of production. A. Which is the most abundant factor of production in India? Marshall has defined land as, “the materials and the forces which nature gives freely for man’s aid, in land and water, in air and light and heat.” Labor C. Physical Capital D. Human Capital. 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