[amp_mcq option1=”Only Land” option2=”Only Capital” option3=”Both Land & Capital” option4=”Neither Land nor Capital” correct=”option1″]<\/p>\n
The correct answer is: Neither Land nor Capital.<\/p>\n
Land and capital are both considered to be active factors of production. Land is the natural resources that are used in the production process, such as land, water, and minerals. Capital is the man-made resources that are used in the production process, such as machinery, equipment, and buildings.<\/p>\n
Both land and capital are essential for the production of goods and services. Land provides the space and resources that are needed for production, while capital provides the tools and equipment that are needed to produce goods and services.<\/p>\n
Without land and capital, it would be impossible to produce goods and services. Therefore, both land and capital are considered to be active factors of production.<\/p>\n
The other options are incorrect because they either include or exclude one of the active factors of production. Option A includes only land, which is incorrect because capital is also an active factor of production. Option B includes only capital, which is incorrect because land is also an active factor of production. Option C includes both land and capital, which is correct, but it is not the only correct option. Option D excludes both land and capital, which is incorrect because both land and capital are active factors of production.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Only Land” option2=”Only Capital” option3=”Both Land & Capital” option4=”Neither Land nor Capital” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-55720","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"\n