Land
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Define land | Anything provided by nature that helps in the production of output
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| Name four examples of land | Seas/rivers, climate, mineral wealth, physical land
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| Name 5 characteristics of land | Fixed supply.
No cost of production.
Non specific.
Price does not affect quantity.
Lack of mobility.
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| Why is land unique? | No cost of production, supply is fixed
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| Name two qualities of the demand for land | It is derived, and dependent on its MRP
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| To whom does land use go to? | Highest bidder
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| Name 4 factors that affect land price | Demand for private houses.
Road building.
Business demand.
Public amenities.
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| Name 4 reeasons why government intervention is used to regulate land use | Planned development.
To ensure adequate supply of land.
To preserve historical sites.
To preserve green areas.
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| What 5 factors affect factory locations? | Wage rates.
Land cost.
Nature of product.
Infrastructure.
Government influence.
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Created by:
JackEatonK98
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