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Factors of Production — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsFactors of Production2 Marks
Question
Land is heterogeneous in nature. Explain.
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Answer

Land is hetrogeneous in nature due to the following characteristics:
(i) Land varies in fertility.
(ii) The degree of richness of mineral wealth differs from place to place.
(iii) Land also varies in location.

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