4 ms·
Land and capital are not interchangeable as factors of production. Next: let's please not confuse accounting and economics :)
by ArkyBeagle 10y ago
Land and capital are not interchangeable as factors of production.
Next: let's please not confuse accounting and economics :)
- bigmanwalter 10y agoOf course they are. I can exchange half my land for capital and now I have both.
- eru 10y agoYou are talking past each other. And your argument is weird: using the market you can exchange all kinds of things for each other. What's the difference between exchanging land for capital vs labour for capital in that argument?