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Economics
How come land has no price? Pls explain that statement.
Answers (5)
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.
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.