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There are many people who are willing to work as farm labourers in the villages, whereas the opportunities of work are limited. (i) They belong to either landless families or _____. In economic terms, money is not a factor of production because it is a resource used to acquire resources that go into producing goods. In a contrast to labour, _____ is a scarce factor of production - Social Science - The Story of Village Palampur Thus, if the input is scarce in relation to the need for it, it is regarded as a factor of production. In contrast, if there is no production process behind the demand for land, there will be a problem. 1 2 3. In contrast to labor which factor is a scarce factor of productin? The factors of production are capital, labor, and land. Among the three factors of production, we found that labour is the most abundant factor of production. There are many people who are willing to work as farm labourers in the villages, whereas the opportunities of work are limited. The more scarce a product is the more it costs and the other factors contributions may be less due to this. Answers (i) Land refers to all resources provided by nature used in production while labour refers to human efforts in production. we found that labour is the most abundant factor of production. Moreover, even the existing land is distributed _____ (equally/unequally) among the people engaged in farming. While production factors such as labor is needed for training or Distinguish between land and labour as factors of production. Asked by Wiki User. They belong to either landless families or life. Answer. Actually, it is labour which in cooperation with land makes production possible. (ii) Land supply cannot be increased while labour is both geographically and occupationally mobile. Land and labour are also known as primary factors of production as their supplies are determined more or less outside the economic system itself. Cultivated land area is _____. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function.There are three basic resources or factors of production: land, labour and capital. List at least five factors of production that were used to produce that good or service. (ii) In contrast to labour, _____ is a scarce factor of production. Land is a passive factor whereas labour is an active factor of production. (iii) Cultivated land area is _____. Include at least one example of each of the three types of factors—land, labor, and capital. In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. In contrast to labour, _____ is a scarce factor of production. They belong to either landless families or They are paid low wages, and lead a difficult life. 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