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