The price of land is the price for obtaining the rights to the land, and its essence is the capitalization of ground rent. Marx's theory of ground rent holds that, regardless of the form of ground rent, it is the income obtained by the landowner through the right of land ownership, and is the economic realization form of land ownership. Land, as a natural product, is not a product of labor and therefore has no value, but it does have a special use-value. This means that the price of land can only be generated through the income produced by the use of the land, namely, ground rent. The price of land is equivalent to the value of a sum of capital; if this capital were deposited in a bank, the annual interest income would be equivalent to the income from the ground rent of that piece of land. Therefore, the price of land is the discounted present value of several future years (or an infinite period) of ground rent, and its essence is the capitalization of ground rent.