Archive | Rent

Rent Element & Remuneration of any Factor | Economics

The following article will guide you about how there can be a rent element in the remuneration of any factor. Also learn about the definition of rent. Rent Element in All Factor Incomes: Ricardo restricted his theory of rent to the income from land only. In his opinion, rent of land arises owing to the fixed supply of land and [...]

By |2017-01-13T05:55:21+05:30January 13, 2017|Rent|Comments Off on Rent Element & Remuneration of any Factor | Economics

Rent and Economic Progress | Economics

In this article we will discuss about the relationship between rent and economic progress. The amount of rent earned is influenced by various factors. If the population of the country increases the demand for agricultural crops increases. This leads to the cultivation of inferior lands. The market price rises and the superior plot of land earns more rent. When the [...]

By |2017-01-13T05:55:21+05:30January 13, 2017|Rent|Comments Off on Rent and Economic Progress | Economics

Relationship between Rent and Price of the Crop | Economics

The upcoming discussion will update you about the relationship between rent and price of the crop. (i) Ricardo's View: According to Ricardo, "rent does not and cannot enter in the least degree into price of the agricultural produce"; it is rather the result of price. "Corn is not high," as observes Ricardo, "because a rent is paid but rent is [...]

By |2017-01-13T05:55:21+05:30January 13, 2017|Rent|Comments Off on Relationship between Rent and Price of the Crop | Economics
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