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Urban Land Prices in a Market System - Essay Example There are many factor demand and supply determinants that are likely to impact the prices of the land. But, for our initial understanding we know that as far as land is concerned its demand may be very large or infinite but the supply of land that is available for any purpose is fixed such that an invariably high price change is also unable to alter the supply in any way. Thus, when we consider land pricing in terms of factors effecting demand and supply then too we know that there are some strange and peculiar behaviors for the price of land which is normally known as rent. Now individually, we will consider the effect of factor demand and supply on the land prices. The factor demand can be price, productivity of the prices of other factors. These affect by causing the shift in the demand curve. According to the common rule of law, an increase in factor price decreases the demand for it and decrease in factor prices increases the demand for it. Firstly, let's consider the factors that are likely to affect the demand of land; speaking in context of urban land markets people generally prefer land for housing located near the city centre, land is valued more where it is in proximity with the local nodes than far from them, and also land is preferred in areas where living conditions are better and the standard of living is relatively high. Thus in these areas or localities land prices are relatively higher compared to areas far from the city centre or where the living conditions are shabby. Another factor affecting the demand is productivity, when we talk about the productivity of land here in the urban sense e refer to the amount of the urban containment that the land can have. This is affected by the conventional planning and also the zoning practices of the area such as housing size requirements etc. Thus, it is noticed that urban containment has grown over the years and hence the prices of the urban areas has also increased. Lastly, another factor that is likely to impact the demand of goods is the change in prices of another goods, substitutes or complements. In areas where there are chances of development, the land is in more demand and hence, the price of land increases more rapidly compared to the areas that are relatively stable and already developed. Now, moving onto the factor supply and its effect on the price and the quantity supplied, some of the determinants include market supply determinants which include the resource prices, technology, other prices, expectations and the number of the sellers; then there are market demand determinants and lastly the mobility of the factors. In considering the supply of land in urban areas then it is driven by topography, physical conditions, patterns of land ownership, availability of infrastructure and also the government regulations. The urban land markets are not monopolistic at all, since the ownership of land is quite diffused and not at all concentrated in a few hands; therefore it becomes difficult to determine the price under one roof. And the value of land in urban areas is largely determined by the few large sellers, when there preferences change in total then they tend to sell the land as earliest as possible. But the utmost characteristics of land supply are that it is limited and no factor can facilitate
Family and Household
Â Â Â Â Â The word family comes from the Latin word familia which means household. This seems to be fitting since they both seem synonymous. In the dictionary the definition of family is a group of individuals living under one roof and usually under one head or a group of persons of common ancestry. The definition of household is those who dwell under the same roof and compose a family or a social unit comprised of those living together in the same dwelling. Even the definitions are very similar, yet they have come to mean two very different things in our modern day world. As time evolves so does the clarity of what makes up a family and the function of family and household are.
Â Â Â Â Â â€œFamilies are affected by, and in turn affect, the values and structure of the society, in which they are embeddedâ€ (Haviland 2002: 245). This statement says so much about what families are and why they differ so much from one culture to the next. They fill the needs of each particular group. In America the â€œfamilyâ€ has changed dramatically over the past few decades as the country, itself, has changed. In the 1950â€™s and sixties the roles of each member of the family were more distinct and defined. The mother and the father were a married couple who stayed together. The mother did not work outside of the home, except in extreme circumstances or cases. She took care of the children and the home. The father was the â€œbread winnerâ€ and did very little work inside the home. Today most families either have both parents working or they are single parent families, or families divided by divorce. The changes to what comprises our families have also evolved to included families with gay parents; having either two mothers or two fathers or combined families from re-marriages with step-parents and siblings. In these families their function is one of raising independent children who will grow up to become better than the generation before them. And in many cases they also function as an emotional and monetary support for each other; helping each other to obtain their goals of independence.
Â Â Â Â Â In many other cultures their definition of what a family is very different of that of Americans. In most of these cultures family provides a more important role, one of survival. These family groups usually co...
...alue along with what is irrelevant. Our families provide us with the necessary tools to survive and keep our people going from one generation to the next. I have learned that the definitions of family and household are broad and diverse and that to know one does not mean you know another. What makes up either one of these two things is all about the culture and the society that we live in. But, it also made me realize that no matter how divergent our families and households are they all seem to fulfill the same basic need of survival. We just go about it in different ways. So, no matter where you live or who you live with you are still just learning how to live and that is what we all have in common.
Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Works Cited
Abrams, I.R., & Bishop, J. (Producers). (1994). â€œFamily and Household,â€ Faces
Â Â Â Â Â of Culture [videotape]. Fountain Valley: Coast Community College Â Â Â Â Â District.
Haviland, William A. (2002) Cultural Anthropology. Forth Worth: Harcourt
Â Â Â Â Â College Publishers.
Write something about yourself. No need to be fancy, just an overview.