NECO Economics 2025 Objective — Question 7
Question 7 of 60 from the National Examinations Council (NECO) Economics 2025 Objective paper, with the correct answer and a full explanation.
Advertisement
Land is considered a passive factor in production process because it is
- A. a free gift of natureCorrect
- B. fixed in supply
- C. heterogeneous in nature
Explanation
Land is considered passive because it is naturally occurring and doesn't require active human effort to create, unlike active factors like labour and capital.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.