Land economics

Land economics can be defined as the study of the relationship between human being
and land. Land in the aspect which covers the totality of the environment and it’s
fundamental to man’s survival. This is true because this provides us with working
space, and also provides us with biological and natural capital in addition to
other resources of land. It is also our source of food, clothing and a host of
other raw materials.
Let’s say it like this, land economics can be defined as the economic
relationship between land and man. However, land economics is the subject matters
that deal with man’s economic use of resources of earth, (the economic,
biological, and institutional factors) that controls, affect his use for those
resources.
This can also be seen as a branch and part of social sciences that
deals with problems in the social conduct which are strategically affected by the
physical, location and other property attributes of land. Therefore we can say
that land economics is the application of the principles and theory of economics
to the problem relating to the use of land. It is also in this perspective that
welfare economics, labour economics, international trade and political economy are
considered as studies relating to how economist can explain human actions in these
particular fields.
Also the main focus of economics is land, because it is less rewarding
to focus more on land without relating it to other determinant of production. And
this also involve a variety of relationships, whom are always concerned with
problems and situation in land, its uses and control is then regarded as a factor
of strategic importance.