Land as a factor of production does not vary in
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Correct Answer: Option C
Explanation:
Land is fixed in total quantity because the physical amount of land available cannot be increased at will. However, its quality, nature and value can differ from one location to another and can also be affected by improvements or deterioration.
Land is fixed in total quantity because the physical amount of land available cannot be increased at will. However, its quality, nature and value can differ from one location to another and can also be affected by improvements or deterioration.