Land is the natural resource which forms one of the
factors of production. This includes both
physical land and any resources contained upon it or in it, such as
oil and
minerals. The distribution of land between countries is
obviously fixed as it cannot be moved
geographically, but the purpose for which it is used can be
dynamic, i.e
agricultural land can be converted for
housing or
industrial use.
Companies which extract minerals and resources from the land are said to be in the primary sector of industry.