Detailed Study of Land

Monday, February 04, 2013

Land is a gift of nature. It includes;
  • the natural fertility of the soil
  • the minerals in the earth’s surface and
  • forests, rivers and the riches in the sea.

Features of Land
  1. Land is a gift of nature
  2. Land is a natural resource
  3. Land is a permanent fixture
  4. Land is fixed in supply
  5. Land is geographically immobile
  6. Land is occupationally mobile
  7. Man does not produce land
  8. There is no cost of production to produce land

Supply of Land
Supply of land is fixed. But the supply of land for a particular use can be increased or decreased. For example; the supply of land available for Housing can be increased by reducing the supply of land for Agriculture.
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