Land as Key Economic Factor: Unlocking Growth Potential for Businesses
The article explores the idea of land being a factor in economic growth, just like labor and capital. It questions the common belief that having more land available for businesses automatically leads to economic development. The researchers aim to reintroduce the concept of land as a production factor in economic theory. They investigate how land can be considered a factor in both national economic growth and individual firm production. The paper concludes that land should be recognized as a key factor alongside labor and capital in economic models.