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In economics, land comprises all naturally occurring resources as well as geographic land. Examples include particular geographical locations , mineral deposits , forests, fish stocks, atmospheric quality, geostationary orbits , and portions of the electromagnetic spectrum .
Non-financial assets, such as land and buildings, may also be included. For example, dictionary definitions of money include "wealth reckoned in terms of money" and "persons or interests possessing or controlling great wealth", [8] neither of which correspond to the economic definition.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Also narrow. A land or water passage that is confined or restricted by its narrow breadth, often a strait or a water gap. nation A stable community of people formed on the basis of a common geographic territory, language, economy, ethnicity, or psychological make-up as manifested in a common culture. national mapping agency A governmental agency which manages, produces, and publishes ...
In teaching technical geography, instructors often need to fall back on examples from human and physical geography to explain the theoretical concepts. [14] While technical geography mostly works with quantitative data, the techniques and technology can be applied to qualitative geography, differentiating it from quantitative geography. [1]
Land management is the process of managing the use and development of land resources. Those resources are used for a variety of purposes for example agriculture, forestry, water resource management, human settlements and tourism. One aim of land management is to prevent or reverse land degradation.
The cost of land use planning is usually high, generally because of poor investment and the lack of anticipation of technology. Land use planning theory has largely been shaped by case studies of cities in the Global North. Countries all over the world, particularly in the Global South, are seeing population booms and rapid urbanization.
Land development puts more emphasis on the expected economic development as a result of the process; "land conversion" tries to focus on the general physical and biological aspects of the land use change. "Land improvement" in the economic sense can often lead to land degradation from the ecological perspective. Land development and the change ...