Importance of land as a factor of production
- It is used for agricultural activities for example hunting, farming and fishing.
- Land acts as a ground for waste disposal for example sewage disposal
- Land is used for construction of industries, roads, building, etc.
- It is a source of raw materials for example fish, water, minerals, timber etc.
- It is a source of fuel for example coal and oil from the ground, charcoal form forests etc.
- It is a source of government revenue since it can be taxed.
- Land also provides beautiful scenery for tourism which is a source of foreign exchange.
CATEGORIES Economics
TAGS Dr. Bbosa Science
