Examples include particular geographical locations, mineral deposits, forests, fish stocks, atmospheric quality, geostationary orbits, and portions of the electromagnetic spectrum.
It is the original inheritance of the whole species.Consequently, conflicting claims on geographic locations and mineral deposits have historically led to disputes over their economic rent and contributed to many civil wars and revolutions.
In the context of geographic locations the resulting conflict is regularly understood as the land question (see e.g. United Kingdom,[5] South Africa,[6] Canada[7]).
In the UK, the "non-produced asset of land" accounts for 51% of the country's total net worth,[8] implying that it plays a more critical role in the economy than capital.
Some United Kingdom and commonwealth universities offer courses in land economy, where economics is studied alongside law, business regulation, surveying, and the built and natural environments.