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In economics, ____ refers to all those resources that originate from nature.

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Detailed Solution

In economics, land refers to all those resources that originate from nature.
"Land" is the term used in economics to refer to all natural resources used in production. The three production factors in traditional economics are land, labour, and capital. It was believed that land was the "original and limitless gift of nature." It is generally defined in modern economics to cover everything that nature supplies, such as minerals, forest products, water resources, and land resources. No one views these resources as "inexhaustible," even though many of them are renewable. Rent is the name of the payment made for land.

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