O Levels Economics (2281)•2281/11/M/J/18

Explanation
Land as Natural Resources in Economics
Steps:
- Recall factors of production: land (natural resources), labor (human effort), capital (tools/money), entrepreneurship.
- Define land specifically as raw materials from nature, like minerals or oil deposits.
- Match options to definitions: evaluate which involves untouched natural elements.
- Confirm A fits land, while others align with capital or labor.
Why A is correct:
- Land encompasses natural resources such as oil deposits, per economic definition of immobile gifts of nature used in production.
Why the others are wrong:
- B: Oil rig is capital, a human-made tool for production.
- C: Money is financial capital, not a primary factor like land.
- D: Worker productivity relates to labor, human effort in production.
Final answer: A
Topic: The factors of production
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