Question:
Which one of the following is an example of land as a factor of production?
(1) Magampura harbour
(2) Southern expressway
(3) Victoria dam
(4) Ambewela dairy farm
(5) Pasikkudah beach
Correct Answer:
(5)
Answer Explanation:
In economics, “land” refers to all naturally occurring resources used in production (e.g., minerals, forests, water, beaches). Harbours, expressways, dams, and built farms are all human-made, meaning they are classified as “capital.”
Topic: Factors of Production Year: 2018
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