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In the developing world, one of the major trends is going to be competition for land between those who want to use it for housing and those who want to use it for agriculture. As cities expand, they will be expanding out into land that was previously important for agriculture. This competition will be one of the major trends in land economics in developing countries.
One of the biggest trends of the near future is the massive devaluation of real estate and other assets. Asset prices have to adjust to what they were perhaps ten years ago before all the bubbles started forming and this will take place in a variety of ways, but a contraction in many sectors of the economy still has to take place and the jobless problem and low wages will remain a fixture for some time until this adjustment is finished.
how applicable is land economic in university level
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