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A question about land in terms of economics

  • 30-01-2012 12:55am
    #1
    Excedion
    Registered Users, Registered Users 2 Posts: 59 ✭✭


    Hi there I'm just guessing this is the right place to ask this so i apologize if it isn't. I'm taking economics for Leaving Cert and one thing that's confusing me is that in economics, Land is defined as anything provided by nature used to create wealth. For example oil. However land is supposed to be fixed in supply but with oil or similar resources once the current supply is used up it is no longer in supply so it is not fixed? Can anyone explain this to me.


Comments

  • #2
    mari2222
    Registered Users, Registered Users 2 Posts: 568 ✭✭✭mari2222


    Land is not permanently fixed either - think of erosion, earthquake etc.

    However it is more fixed than other factors, think of it as the "most fixed" rather than "fixed".

    Land resources ditto - more fixed than other factors

    Good question!


  • #3
    TiGeR KiNgS
    Registered Users, Registered Users 2 Posts: 1,435 ✭✭✭TiGeR KiNgS


    Is the Leaving Cert syllabus Long run or short run focused ?

    I have a suspicion that this topic is just a simplified concept adapted for Leaving cert standard
    i.e. all 'land' (as outlined in OP) is fixed in the short term where there is no quantifiable variable regarding the depletion of resources.


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