Characteristics of Land:
1. Free Gift of Nature.
2. Fixed Quantity.
3. Land is Permanent.
4. Land is a Primary Factor of Production.
5. Land is a Passive Factor of Production.
6. Land is Immovable.
7. Land has some Original Indestructible Powers.
8. Land Differs in Fertility.
9. Supply of Land is Inelastic.
10. Land has Many Uses.