Factors affecting Land Value

How to define land value? Land value can be defined as the monetary cost of the land. It can be the cost of undeveloped land or a built property but land value is primarily associated with a vacant plot. When…
Urban Development and Climate Change Relationship

Introduction: Urban development is linked to climate change & its effect on climate change is being studied. Various factors which are backbone of urbanisation creates pollution Urban development is defines as the social, cultural, economic and physical development of cities, as…
Ricardo theory of rent

Ricardo formulates the “law of rent” around 1809 also known as Ricardo theory of rent . The Law of Rent states that the rent of a land site is equal to the economic advantage obtained by using the site in its…
Theory of Comparative advantage

In economics, Theory of Comparative advantage refers to the ability of a party to produce a particular good or service at a lower marginal and opportunity cost over another. Even if one country is more efficient in the production of all goods (absolute advantage in…