Land and Economy

 Land economics deals with the economic relationships people

have with others respecting land

 it is always concerned with problems and situations in which

land,its use,or its control are regarded as factors of strategic or
limiting importance.
Land economics:
a branch of political economy
 Land economics is an applied branch of economics

 Land economists often step beyond the bounds of economics to

operate as social science land specialists in the broader field of
political economy
Threefold framework affecting land use
 Threefold framework involves

1 Physical and biological factors

2 Technological and economic

considerations

3 Institutional arrangements
Now, land economics has been tools of

analysis. At this part, emphasis is

given to three basic ideas.

The Concept
1.The economic concept of land and land resources

2.A classification of land uses by type

3.The concept of land use-capacity

The economic concept

 The economic of land include the question about finger of land、

land use、distribution of land etc revenue Economic relations and
issues of economic theory
2. A classification of land uses by type
3.The concept of land use-capacity
How to make the land have the highest use-capacity?

Efforts were intensified to land more economically and

intensively, resulting in continued improvement in land -
use efficiency.
 Land Resources Supply and Demand

• The adequacy of our land resource base call for frequent use of the
terms supply and demand.

• We will follow popular usage in speaking of supply as the quantity of

goods or resources available for use and of demand as the amounts of a
commoditypeople want and are willing to buy.
 When we speak of the physical supply of land,we are concerned
with the physical existence of resources.
 The economic supply of land involves only that portion of total
physical supply that people want and use.
 The concept of demand is analogous to that of suppy.
 As a physical concept, demand is associated with desires,
needs,and wants for commodities and services.
 Under real market conditions,supply and demand fanctors tend
to follow the model of the perfect market.

 The amount of any given land resources supplied or demanded

are usually responsive to price changes but in most
situations,supply and demand reponses tend to be inelastic.
The valuation and use of land
Land use and valuation was an important concern in the early decades of
modern economics, beginning in the late eighteenth century．In a sense,
the study of land economics was the beginning of the economics of natural
resources . land is clearly an important input factor into many economic
activities-agriculture and forestry; residential, commercial, and industrial
uses; and mineral exploration. it also supports an enormous variety of
ecosystems. Land ownership was also for many centuries the key to
personal wealth and social power. Our focus is on the economic principles
surrounding the efficient use of land as a natural resource, the
determination of the value of land, an how different types of ownership of
land affects land use and value.
Land economics
 Land economics shows that free exchange within a systerm
of private rights leads to dfficient resource allocation.
Conclusions
 A key institution in this success story is the market
mechanism which,in turn,rests on the foundation of laws and
property rights.