Given land owners’ resistance to the compulsory acquisition of land and the recurring debate on inadequacy of compensation, this research re-examines losses of landowners in terms of loss of functionings offered by land. The aim of this research paper is to understand the relationship between land ownership and well-being when seen through the lens of Sen’s (1979) ‘capability approach’ and to identify fundamental functionings associated with land that are generalizable at global level. The relationship between wellbeing and functionings offered by commodities is the focus of Sen’s (1979) ‘capability approach’ Understanding functionings of land required inductive approach and primary investigation was performed through focus group discussions with participants from eleven different countries, who are currently pursuing doctoral research at the University of Melbourne. A holistic list of nine fundamental functionings of land was obtained towards the end of these discussions, which are: (i) Secure means to basic ends; (ii) Self-identity; (iii) Social capital; (iv)Social equity; (v) Political empowerment; (vi) Power to take decisions on land matters; (vii) Family’s wellbeing; (viii) Personal comfort and convenience; and (ix) Psychological wellbeing
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