Question

Demand for land is derived from utility or profitability of the proposed use

Answer 1

Answer:

Explanation:

The demand for labour (and capital) is thus a derived demand – the value of labour to the employer derives from the value of the end product in the marketplace for goods and services. ... Demand for labour: a derived demand, reflecting the demand for the output of final goods and services.

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Answer 2

Demand for land is based on profitability of the use.

Explanation:

• The land is a natural resource and is limited in nature and thus its users according to the basis of the values that are the utility or the land use i.e the agriculture, housing, and industry. Thus the allocation of land resources is based on the nature of work.

• The land gives utility due to both the size and location and when the demand for the land rises so does its value in the market. The utility is valued in terms of land size. The derived demand for land impacts the prices in the market.

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• brainly.in/question/17991355 answered by Bsainathreddy4.