Economics 101 (#19) Land and Rent

The 1st Factor of Production (FOP) we’ll go through is Land (and the reward for providing it, rent). Land is defined as anything supplied by nature and used in the production of goods/services i.e. forests, farmland, rivers, seas and mineral wealth.

Heres the PDF PIIGSTY Econ 101 #19 Land and Rent

 

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