Question

Why does land have economic value in developed countries
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Answer 1

Answer:

The economic value of a resource may change with time. Land is a resource whose value changes with time . When agriculture land is developed into commercial center in developed countries,its economic value increases.

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Answer 2

The land have economic value in developed country because:

• People grow fruits and vegetables or any other commodities which is required to sell in a good price from which they earn Profit.
• Strong land rights and ownership tend to promote economic stability.
• Countries where most of the rural population lack land rights are doomed in their long-term economic development.

These are the reasons why the land has economical values in developed country.

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