land as a factor of production
TRANSCRIPT
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Land as a Factor of Production
Prepared by Sandrea Butcher
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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:
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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).
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Types of land (use)
• Recreational – leisure activities
• Agricultural – land used to provide food
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• 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.
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• Extraction – removal of carbon based raw materials which are not ingested
• Uninhabitable – land that will not sustain human life for long periods
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• Aquaculture - breeding, rearing, and harvesting of plants and animals in all types of water environments.
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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
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– solar energy
– wind energy
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– hydropower (water)
– geothermal energy (steam and hot water)
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– atomic energy
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• Natural resources are needed to build productive assets.
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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
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• 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.
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What is so hard about planting two trees when
you cut down one? It took me 200 years to get this
big.