Which of the following cannot be classified as land in economics
Answer Details
The bulldozer for clearing farm land cannot be classified as land in economics. Land, in economics, refers to the natural resources that are not created by human efforts. It includes the surface of the earth, the minerals and other resources beneath the surface, the water bodies, and the air.
The bulldozer is a human-made machine used for clearing land and is not a natural resource. However, it can be classified as a capital resource, which is one of the factors of production. Capital resources are man-made goods that are used to produce other goods and services.
The other options mentioned in the question can be classified as land in economics. The bauxite deposit, the lake, and the grazing field are all natural resources that are part of the earth's surface and can be used for economic purposes. The bauxite deposit can be mined for the production of aluminum, the lake can be used for irrigation, and the grazing field can be used for cattle farming.