Skip to main content

Detailed Study of Land


Land
Land is a gift of nature. It includes;
  • the natural fertility of the soil
  • the minerals in the earth’s surface and
  • forests, rivers and the riches in the sea.

Features of Land
  1. Land is a gift of nature
  2. Land is a natural resource
  3. Land is a permanent fixture
  4. Land is fixed in supply
  5. Land is geographically immobile
  6. Land is occupationally mobile
  7. Man does not produce land
  8. There is no cost of production to produce land

Supply of Land
Supply of land is fixed. But the supply of land for a particular use can be increased or decreased. For example; the supply of land available for Housing can be increased by reducing the supply of land for Agriculture.

Popular posts from this blog

Factors of Production and their Rewards

Type Definition Reward Land Labour Capital Enterprise All natural resources The physical and mental works of people All man made tools and machines All managers and organizers Rent Salary/Wage Interest Profit/Loss

Factors Affecting Geographical Mobility of Labour

Geographical Mobility of Labour refers to the movement of workers from one place to another place.  It depends upon; ·cost of housing ·cost of relocation ·availability of social amenities ·family ties etc

Common Barriers to Occupational Mobility of Labour

Barriers to Occupational Mobility of Labour ·Lack of natural abilities ·Lack of qualification ·Cost and length of training ·Discrimination ·Ignorance of available job opportunities
Ways to increase Occupational Mobility of Labour ·By providing training and retraining ·By organizing job centers