Ricardian Theory of Rent | Microeconomics
In this article we will discuss about:- 1. Assumptions of the Ricardian Theory of Rent 2. Causes of the Emergence of Rent 3. Differential and Scarcity Rent 4. Intra-Marginal, Marginal and Sub-Marginal Land 5. Extensive Cultivation and Intensive Cultivation 6. Intensive Cultivation, the Law of Diminishing Returns, and the Ricardian Theory of Rent and Other Details. Contents: Assumptions of the [...]