the land's location indirectly affects its value; the value of any particular piece of land is also affected by the uses of the land around it
people want land; people are willing to pay for land
the land's location directly affects its value; the value of any particular piece of land is also affected by the uses of the land around it
the land's location directly affects its value; the value of any particular piece of land is not affected by the uses of the land around it