0
David Ricardo
Wiki User
∙ 10y ago
Dipa Basnet
David Ricardo
Add your answer:
Earn +20 pts
Why land rent is considered as an Unearned income?
land rent is an unearned income
Which of these produces money in the form of rent?
land
Which type of income is paid to land?
rent
Briefly discuss Rent with the help of example?
Remuneration for land (a factor of production) is called rent.
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
Who visualized the concept of the first computer?
it was beyouce
Four Concept questions for mansion and rent?
rent
What is the reward for land?
Rent or lease
Why land rent is considered as an Unearned income?
land rent is an unearned income
What does the concept of data distribution stand for in computer science?
In computer science, the concept of data distribution stands for qualative variables. Data is typically the result of some form of measurement that is visualized using graphs or images.
What is the remuneration of land?
The remuneration for land is Rent
farm land rent agreement ?
I'd like to see a sample of farm land rent agreement.
The visualized bony structures are unremarkable?
The visualized bony structures are unremarkable
What is economic rent?
the payment for the right to use land
When was Journal of Visualized Experiments created?
Journal of Visualized Experiments was created in 2006.
How did Indian's concept of land ownership differ from the colonists concept of land ownership in changes in the land?
No one owned the land
Define no rent land?
No rent land is defined as land which cannot be rented to others. This may be part of the original sales agreement or other legal limitations.
