write differences bw land and capital as the factors of production. fast pls its urgent

1) Both differ in their nature. Land is considered a free gift of nature. No one produced it. No cost is involved for its creation. On the other hand, capital is not a free gift of nature. It is man made.

2) Land has no cost of production. But capital involves some expenditure.

3) Land and capital differ in their availability. While land is inelastic and unchangeable in supply, capital is elastic and changeable. The supply curve of land is inelastic. It is vertical to OX axis. On the other hand, the supply of capital is elastic. Its supply can either be increased or decreased as per the needs of the country.

4) Both differ in their continuity. While land is permanent and indestructible, capital has no such permanent existence. After some period it loses its form and existence.

5) Both also differ in their remuneration. The remuneration paid to land for its utilization is described as rent. On the other hand, the remuneration paid for the utilization of capital is known as interest.

6) Another difference is that land is immobile. It has no mobility from one place to the other. On the other hand, capital is a movable one. It can taken to anywhere depending on the purpose. Hence capital has mobility.

7) Land is heterogeneous in nature. It differs in its fertility and soil at different places. In fact no two pieces of land possess the same fertility. As against this., capital is homogeneous. It is uniform in its quality.