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Land (economics)
*** Shopping-Tip: Land (economics)
In
economics, '''land''' comprises all naturally occurring resources, such as geographical locations,
mineral deposits, and even portions of the
electromagnetic spectrum. In
classical economics it is considered one of three
factors of production, the other two being
Capital_(economics) capital and
Labour (economics) labor.
Because land is not produced, the market for land responds differently to
taxation from the market for labor and produced goods. An ideally implemented
land value tax would not affect the
opportunity cost of using land, but would instead decrease the value of legal land ownership (see
Georgism).
Land, particularly geographic locations and mineral desposits, has historically been the cause of much conflict and dispute;
land reform programmes, which are designed to redistribute geographic land, are often the cause of much controversy and mineral deposits have contributed to many civil wars, particularly in
Africa.
de:Grundbesitz
pl:Ziemia (ekonomia)
sk:Pôda a prÃrodné zdroje
sv:Jord (egendom)
vi:Ä?ất (kinh tế há»?c)
