The objective of the following research study is to emphasize the significance of the public role in understanding the public concept of land ownership.
In this study, we can see that the pros and cons regarding the public concept of land ownership have its roots in classical and neo-classical lent theory.
We can also see that the public concept of land ownership is now defined as being: “The government needs to clarify people’s distorted views on the principle of equality, alleviate all kinds of regulations, and the market intervention must be limited to welfare distribution all in all for the land market to operate freely.
In conclusion, in order for people to actually execute the concept of market friendly land ownership in action, the public role must be minimized in an effort to create a healthy land market whereby the market price adjustment is in good practice.