Question

As a factor of production, land best refers to __________.
A.
the ground not covered by water
B.
land owned by businesses
C.
all natural resources
D.
farming soil only

Please select the best answer from the choices provided
A
B
C
D

Answer 1

C. all natural resources

This option encompasses not just the physical ground but also all natural resources that can be utilized in the production of goods and services.