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Land is a free gift of nature

Economics

How come land has no price? Pls explain that statement.

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Vijay K

Vijay K

CA Inter

9K+

01-Dec-22 23:54

442

Answers (5)

You study in night 12: to 6:00


R K

R K

ACCA Skill

9K+

01-Dec-22 23:57

R K

You study in night 12: to 6:00

No i usual study from morning 9 to evening 8 with some intervals to do my work and so in normal days, but will cover nearly 6-7 hours of study. Since the exam is coming up i study the usual including the night study of 10:00 to 1:00.


Thread Starter

Vijay K

Vijay K

CA Inter

9K+

02-Dec-22 00:01

Free gift of nature implies that we can't create motherland nor we extend it. Like in case of water , air all gifts of nature. However, land can be held for sale and purchase or for activities and from that having price value .


Mehak K

Mehak K

CA Inter

2K+

02-Dec-22 01:12

Property owners use land value to determine how much to charge other parties for its use. For example, an individual who rents out several acres of farmland to ranchers for grazing cattle will determine an amount to charge by looking at the market value of the land compared to land taxes and the capitalization rate.


Gaurav Choubey

Gaurav Choubey

CA Foundation

1K+

02-Dec-22 12:59

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