Question

List at least three examples of capital as a factor of production, and explain how it is different from land

Answer 1

@bemoseemo

Answer 2

that's actually a pretty big question... this may take a sec

Answer 3

Labor, capital, land, and entrepreneurship used by society to produce consumer satisfying goods and services. Factors of production are also termed resources or scarce resources.
All four factors of production categories are important to the production of goods used in the wants-and-needs-satisfying process that keeps human beings alive from one day to the next and makes living just a little more enjoyable. Land provides the basic raw materials that become the goods. Labor does the hands-on work. Capital is the tools that makes the job easier. And entrepreneurship organizes the entire process.

Capital
Capital is the manufactured, artificial, or synthetic goods used in the production of other goods, including machinery, equipment, tools, buildings, and vehicles. Capital is the produced factor of production. This factor must be produced using other factors of production, which means that society is often faced with the choice between producing consumption goods that satisfy wants and needs and capital goods that are used for future production.
Without capital, labor would do ALL production "by hand." The key role of capital in the production process is to make labor more productive. While a covey of construction workers might be able to fabricate a four-bedroom house with nothing but bare hands, an assortment of hammers, saws, and other tools is bound to make their work easier and more productive.

Land
Land is the naturally occurring materials of the planet that are used for the production of goods and services, including the land itself; the minerals and nutrients in the ground; the water, wildlife, and vegetation on the surface; and the air above. The natural resources and materials of the land become the goods produced. Without these materials of the land, there is no production. Production is, in fact, the basic process of transforming naturally occurring materials that provide little satisfaction in their natural state, to goods and services that provide more satisfaction

much more at web page:
http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=factors+of+production

Answer 4

I say go with frizz

Answer 5

i agree... frizz pretty much aced the answer there

Answer 6

Thanks!

Answer 7

hey my picture finally showed up