Why is land an important factor in the evaluation of the country’s economy?

Asked on 07.12.2018 in All Questions.
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(Top Tutor) Studyfaq Tutor
The land is a factor of very high importance. It can also be widely affected by factors such as cost. The cost of land fluctuates highly within countries. During Japan’s bubble economy of the late 1980’s, land values reached an astronomical $US 35000 per square foot in 1990. This bubble, should it happen again, would most likely lead to Japan seeing a downfall in the number of businesses setting up in their country. Land can vary significantly in size, shape, access, and condition. The suitability of the land massively affects whether it is right to be used...
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