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land economy (QO)<br />The study of property valuation and the economic factors determining the capital costs of land and buildings within an ECONOMY. This study comprehends the examination of the development of bare land to meet the market demands of the economy for accommodation, supply and property investments, ranging from those of agricultural land through to the optimal development of urban properties, e.g. offices and retail developments. Land economy matches demand for accommodation with the needs of the property investor and the restrictions of planners.
<strong>PJ</strong> – Professional Judgment, the flexibility given to a financial aid administrator to make adjustments to student eligibility for federal Title IV aid and for Missouri student aid on a case- by-case basis.
state capitalism (P2)<br />A transitional stage to coMMUNISM, as typified by the original Soviet economic system. The state owns almost 100 per cent of industrial capital and agricultural land, using a hierarchy of industrial ministries, agencies and enterprises to run the productive sector of the economy.<br /><em>See also:</em> Soviet-type economy
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