The latifundium is the product of the accumulation of land as a source of wealth. A latifundium doesn't produce social wealth through the exploitation of the land, because of these large tracts of land should massively produce and reduce the costs of the goods produced in the local market.
The latifundium presents the following typical features:
-Large tracts of land with the same or same owners.
-Labor employed in precarious conditions
-Disperse productivity, large volume but below the maximum capacity of the land exploited.
