Land is a most significant factor in terms of contribution to the economy because

Assessment: WAEC SSCE - Economics - 1993 (Objective) Subject: Economics

Question 1 Report

Land is a most significant factor in terms of contribution to the economy because
Answer Details
Land is a significant factor in terms of its contribution to the economy because it provides the vital resources needed to support various economic activities. For instance, land is used for agricultural purposes, which provides food for both local consumption and export. Also, land is a source of minerals, oil, and gas, which are essential to industrialization and energy production. Additionally, land is used for construction, providing space for residential and commercial buildings, industries, and infrastructure such as highways, railways, and airports. Thus, land is a critical factor in the economy because it provides resources that enrich economic activities and promote growth.

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