WORLD HISTORY

Detailed explanation-1: -Land, like labor and capital, is a classic factor of production. Land is all real estate and all natural resources on or in it, such as trees, minerals, elements, metals, gems, natural gas, thermal heat, oil, coal, water, and crops.

Detailed explanation-2: -Natural resources are simply the fundamental raw material that supplies basic substances to be manufactured. There will be technically nothing to depend on if there is no presence of natural resources. The Indian economic sector, to a big extent, relies on agriculture and raw production.

Detailed explanation-3: -Importance of Natural Resource Economics Resource economists provide science-based information to help agriculture producers balance production demands with elements central to agricultural sustainability, including: Maintenance and improvement of air and soil quality.