Land as the source of wealth

Land is considered a fundamental source of wealth because it provides the natural resources necessary for production and sustains life. It includes not only the physical soil but also resources like minerals, water, forests, and agricultural produce. These resources are essential for creating goods and services, supporting industries, and generating income. Ownership or control of land enables individuals and countries to produce food, raw materials, and generate economic activity. Because land is finite, its value can appreciate, making it a key asset in wealth accumulation and economic development.