Question:
Rent exists because of
Author: Angelie BayabanAnswer:
>Diminishing returns in agriculture >The rent can appear because of two reasons: appears due to limited supply of land – known as Scarcity Rent >Rent appears due to differences in fertility and hence difference in productive the capacity of land – known as Differential Rent
0 / 5 (0 ratings)
1 answer(s) in total