Property: According to ancient thought land is a free gift of nature. In economics land does not mean only earth but natural resources, climate,vegetation, mountains, water, mines, etc. In the view of availability land is stable. Land is a unmovable factor of production because it can not be taken from one place to other. Capital: All those materials and man’s capability which are utilized in production is called capital. A part of capital is kept without use while some is utilised in future. It is one of the factors of production which is earned by man by utilising natural resources. Machine, tools, Industries and transport are example of capital.
