Role of Land in the process of production

The term Land has been given a special meaning in Economics. It does not mean soil as in ordinary speech but is used in much wider sense. It also includes all natural resources which are free gift of nature.
In Marshall’s words, “land means the materials and the forces which nature gives freely for man’s aid in land and water in air and light and heat.”

Importance of Land
Land in economics is a term which is often used in a wider sense. It does not mean soil as in ordinary speech. Land stands for all natural resources which yield income or which have exchange value. It represents those natural resources which are useful and scarce actually or potentially. Land is absolutely indispensable for human being and nothing can be produced without land. Land is an important factor of production and survival of human being is directly linked with land.

Fertility and productivity of land is essential for economic development. The developed countries have reached the climate of economic development and increased their production due to rich and abundant natural resources, on the other hand under developed countries will have explored their natural resources in order to achieve economic welfare. Marshall says in favour of importance of land by saying that land provides space for the human activities and struggles. Land is the first and the foremost factor of production without which it is difficult to start a business. For example if we want to establish cotton industry, we need raw material which will come from land. In this way in all economic activities the role of land is maximum and the question of land is foremost goal of all economic activities to start. Moreover the following points further elaborate its importance.

(i)         Land provides all food to human beings.
(ii)        It provides space for all human activities like banking, trade, industry etc.
(iii)       Fertile and productive lands pave way for economic development of a country.
(iv)       Agriculture development of a country is possible only when all lands are fertile and suitable for all crops.
(v)        Agriculture raw material plays a vital role in industrial development which comes from nature i.e. land.
(vi)       Land provides way to transfer commodity from one place to another which leads to economic development for a country.

Comments

Post a Comment

Popular posts from this blog

Compare the anatomy of Bifacial and Isobilateral leaves

BIFACIAL LEAF: It is also called dorsiventral leaf. This leaf is more strongly illuminated on upper surface than on lower surface. This unequal illumination induces a difference in the internal structure between upper and lower sides. Its internal structure shows: (1)        Upper Epidermis This is single layer of cells with thick cuticle which checks excessive evaporation of water from the surface. It does not contains chloroplasts, stomata are also absent. (2)        Lower Epidermis This is also single layer but with a thin cuticle. It bears many stomata, two guard cells of which contain some chloroplast, none are present in the epidermal cells. Internal to each stomata is large cavity called respiratory cavity. Lower epidermis of leaf is meant for exchange of gases (oxygen and carbon dioxide) between the atmosphere and the plant body. Excess water also evaporates from lower epidermis. (3)...
Read more

osmoregulation in terrestrial and aquatic animals

Mechanism of osmoregulation is very important for all groups of animals whether inhibting land or water. Unlike plant cells, animal cells when placed in hypotonic solution burst due to the continuous absorption of water. On the contrary they would shrink and die if constantly placed in hypertonic solution. Normally uptake and loss of water are in balance for proper survival of cell. (1)        Osmoregulation in terrestrial animals: Terrestrial animals are more likely to loose water by evaporation through their permeable surfaces exposed to amsophere. Among various animal groups only Arthropods and vertebrates became the most successful land dwellers. They have developed number of strategies to maintain osmoregulation of their body fluid. (a) Water proof external coverings: To prevent water loss through external surfaces, vertebrates like reptiles, birds and mammals have water proof keratinized epidermis. Similarly the insects have developed...
Read more

Autobiographical elements in A Farewell to Arms

Introduction Some, literature can be satisfactorily read and discussed taking the author into account. Other literature seems inseparable from the person who created it. To an extraordinary degree Hemingway and what he has written exist in a synergetic relationship, reinforcing and fulfilling each other; he has created a personal legend which serves as an ambience in which we read him. Autobiographical Touches The novel A Farewell to Arms autobiographical elements. The love-affair between Fredric and Barkley, the hero’s injury in the battlefield, his despair and frustration, the hero’s separate peace with life are some of the characteristics of Hemingway’s life. Hemingway himself had received the injury caused by the mortar-shell at Fossalta, and he was admitted into the Milan hospital for recuperation in the late summer and autumn of 1918. He fell in love with the nurse in the Milan hospital. Carlos Baker has thrown light on this fact. In A Farewell to Arms Hemingway was d...
Read more