In the construction of a new housing development, which factor of production can be categorized as land?

A.

the people working to develop the community

B.

bike paths and stores

C.

solar power

D.

the idea to develop the housing community

The correct answer is option B.  bike paths and stores

Explanation:

Land is considered to be that part of earth which is on the ground. In the above scenario, bike paths and stores would fall into the category of land. The reason is that if those bike pathways and stores are demolished, a different building or any different infrastructure can be built in place of them.

No such physical infrastructure can be built in place solar power, or ideas which are in the mind or even human labor.

I hope the answer is helpful.

Thanks for asking.

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