Land
Help!
|
|
||||
|---|---|---|---|---|---|
| Outline the economic characteristics of land? | Fixed in supply, land doesn’t have any cost of production, non-specific FOP, the price does not affect the quantity available, lack of mobility.
🗑
|
||||
| Outline why land is considered to be a unique FOP? | Its a gift of nature and therefore no cost of production to society and its fixed in supply.
🗑
|
||||
| Define Land? | Anything provided by nature that helps in the production of goods and services to create wealth.
🗑
|
||||
| Outline the factors that influence the price paid for land? | Demand of private houses, road building, business demand, public amenities.
🗑
|
||||
| Outline the factors that needs to be considered before deciding where to locate a factory? | Labour & wage rates, cost of land, nature of the product, availability of infrastructure, government influence.
🗑
|
||||
| State some contributions made by the classical economist David Ricardo? | Theory of Rent, Law of Comparative Advantage, Accepted the Subsistence Wages Theory/iron Law of Wages.
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
deborahh
Popular Economics sets