Monthly Market Risk Update: April 2024 [SlideShare]
Land as a factor of production
1. Land as a Factor of
Production
Prepared by Sandrea
Butcher
2. Definition
– on the earth’s surface,
for example forests
– above the earth’s
surface, for example
oxygen
– beneath the earth’s
surface, for example
diamonds
• Land (or natural resources) refers to all
naturally occurring gifts of nature which are:
3. Characteristics
• It is fixed in supply at any point in
time.
• It is geographically immobile.
• Land can be non-renewable (coal)
or renewable (fish stocks).
4. Types of land (use)
• Recreational – leisure activities
• Agricultural – land used to provide
food
5. • Horticultural – land used for
cultivation of medicinal and
ornamental plants
• Construction – residential,
commercial and transportation uses
The Ministry
can’t be
serious about
these
potholes.
6. • Extraction – removal of carbon
based raw materials which are not
ingested
• Uninhabitable – land that will not
sustain human life for long periods
7. • Aquaculture - breeding, rearing, and
harvesting of plants and animals in
all types of water environments.
8. Importance
• No production can currently take
place without land.
• Natural resources are the basis for
energy generation. Different sources
include:
– fossil fuels
Coal Mining Natural gas lighted
as it seeps out of
the ground
Oil spill
13. Productivity
• Land is more productive when it is
flatter.
• Productivity will also depend on the
climatic conditions.
– Land that is prone to slippage will be
less productive
14. • Productivity will diminish if land is
not used in a sustainable manner.
It took me 10,000 years to
get this big. It only took
one year for humans to
pollute the water and
bleach the coral.
15. What is so hard about
planting two trees when
you cut down one? It took
me 200 years to get this
big.