Land is often distinguished as a factor of production because it
Answer Details
Land is distinguished as a factor of production because it is a free gift of nature that is not produced by human effort. It refers to all natural resources such as minerals, forests, water, and land itself. Land is limited in supply and can be owned by individuals or the government. Land as a factor of production is significant because it is essential for the production of goods and services in an economy. Without land, production of goods and services would be impossible.