HORTICULTURE

Detailed explanation-1: -The bid rent theory is a geographical economic theory that refers to how the price and demand for real estate change as the distance from the central business district (CBD) increases. It states that different land users will compete with one another for land close to the city centre.

Detailed explanation-2: -Land rent refers to the price a company has to pay for using the land as a factor of production for a period of time. According to the theory of rent in economics, the demand for land rent depends on the productivity of the land as well as the scarce supply of it.

Detailed explanation-3: -This theory states that the concentric circles are based on the amount that people will pay for any use of land. Since the city centre is characterized by converging transportation line it has the highest accessibility, therefore, landuse value is highest.