Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
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


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.
Created by: deborahh
Popular Economics sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards