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rent is the surplus of current over transfer earnings.

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Q: What is modern theory of rent with an example and diagram?
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What has the author T A Broadbent written?

T. A. Broadbent has written: 'Employment, obsolescence and investment in new technology' 'Options for planning' 'An attempt to apply Marx's theory of ground rent to the modern urban economy' -- subject(s): Rent (Economic theory), Rent 'An introduction to factor analysis and its application in regional science'


What is an example of strip diagram?

An example of a strip diagram would be a series of blocks or strips representing quantities or values, used to visually represent and compare different parts of a whole. For instance, a strip diagram could show the breakdown of a budget by allocating different amounts to categories like rent, groceries, and savings.


What are the criticism of bid rent theory?

Critics argue that bid rent theory oversimplifies urban land-use patterns by assuming a linear relationship between land rent and distance from the CBD, overlooking other factors that influence land value. Additionally, it fails to account for non-economic factors that can shape urban development, such as zoning regulations, cultural preferences, and historical legacies. Lastly, bid rent theory does not adequately address the complexities of transportation networks and how they impact land use patterns in modern cities.


What is modern theory of rent?

Modern Theory of RentThis theory is also known as demand and supply theory of land. It is based on the following assumptions:1. There is always perfect competition among various cultivations.2. The fertility of different lands is same.3. The land is used for a particular job.Explanation of the TheoryThe theory explains the concept of rent in terms of demand and supply. According to the theory rent is payment for the use of land. Demand for the use of land is actually the demand for that product which is produced on it. Demand for the land will increase with increase in demand for that particular product. Since th supply of land is fixed i.e. the supply cannot increase or decrease therefore the rise or fall of rent will be entirely governed by it's demand. Thus on the side of demand rent of land is determined by its productivity not total productivity, but marginal productivity. And for supply, the supply of land in general is absolutely inelastic, as such in supply is independent of what it earns. From the following figure it is clear that the supply of land is fixed SS, while as demand is increasing from DD to D'D' and to D'' to D'', the rent is also increasing from RR to R'R' and to R''R''.ANSWERED BY KISHORBVIMED


Scholars is associated with the economic theory of rent?

Thomas Robert Malthus


What is the Limitations of bid rent theory?

because it is cool because it is cool


What is an example of Uncontrollable cost for hotel?

rent is one example of it.


What is Ricardo's theory of rent?

well a$$ hole. a pigeon just ran into the window


Is the Bid rent theory still used today?

Yes, the Bid rent theory is still used today as a framework to explain urban land-use patterns and the spatial distribution of different activities within cities. It provides insights into how land values and rents are influenced by proximity to the city center and transportation networks.


An example of an asset account?

unearned rent


Briefly discuss Rent with the help of example?

Remuneration for land (a factor of production) is called rent.


Which of these is an example of a fixed expense?

Rent food car payment electric bill