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8 Cards in this Set
- Front
- Back
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Market Value |
Amount Paid to take ownership |
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Land Rent |
Periodic payment from user to owner. |
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Stocks |
Quantities at a point in time - capital stock -physical quantities |
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Flows |
Measures over an interval of time - Payment for use over time - New supply less depreciation/demolition |
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How are land Prices are determined? |
By Productivity!! Like Fertility, Location, |
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What are Linkage Attributes? |
Location- location value is a function of the needs of a specified activity. Linkage attributes are agriculture, manufacturing, office, residential, |
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Three Things that vary with distance? |
Land Rent, Housing, Density |
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What is bid-rent curve? |
The bid rent theory is a geographical economic theory that refers to how the price and demand for real estate change as the distance from the central business district (CBD) increases. It states that different land users will compete with one another for land close to the city centre. |
