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land:

. . . the firm, solid, so called dry ground (dry land) which can be seen above the surface of the waters of the earth; a topographically or functionally distinct piece of ground that makes up the earth's land hemisphere. Land is a natural resource used in economic production; i.e., a manipulated land area is one of the factors of production — the other factors of production are labor, capital, and enterprise.

Land as property is the basic element of real estate.

Mineral rights means control of what's under a delineated piece of land; air rights means control of want's above a delineated piece of land. Ownership of either or both may may clarified by a title when land is offered as collateral.

Answers.com has an explanation of landed estate.



 
 
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Economic Development Services, Inc. -- copyrights and all rights reserved / 05/30/2014