3.5.1 Explain the law of diminishing returns as an economic characteristic
of land.
3.5.2 Name TWO functions of land.
(3)
(2)
QUESTION 3: PRODUCTION FACTORS
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3.1
For production of any product to take place, the following factors should
be in place. Land is a permanent economic factor in agricultural science,
however the availability of land for agricultural purposes is limited.
LABOUR
LAND
A
3.1.1
B
MANAGEMENT
CAPITAL
C
D
Indicate the production factor that could be used as collateral
from 3.1 above.