Correct Answer: Option C

Explanation

land is a different type of factor of production than others. it possesses the following characteristics:-

1) free gift of nature- land is a gift of nature given to man free of cost

2) land is limited in supply- other factors of production can be increased in supply to a greater or lesser extent. but it is impossible to increase the supply of land

3) land is a primary factor of production- in every kind of production, we have to make use of land

4) land is a passive factor of production- land is a passive factor of production because it cannot produce anything by itself

5) land is permanent- land is indestructible

6)land is immovable

7) land varies in fertility

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