Question

compare & contrast marshallian theory with the Ricardian theory of rent​

Answer 1

In the Ricardo's theory it is held that rent of land arises on account of differences in fertility or situation of the different plots of land. ... But, according to the modern writers, rent arises on account of the inelasticity of supply of factors.

Answer 2

The Marshillian theory states that the rent is the surplus earnings in the terms of production factors while Ricardian theory is one which states that rent is the money paid to the land owners for the part of the earth used by the people.

Explanation:

• The Marshallian theory makes us to understand that the factors that determine the length of production that are concerned with land is defines as rent.
• While the Ricardian theory states that the rent is the amount paid to the land owners as a part of the utilization of earth's crust.

To know more:

1) Explain how Modern theory of Rent is an improvement over Marshall’s theory of rent.

https://brainly.in/question/291637.

2) Conclusions of modern theory of rent is an improvement of ricardian theory of rent

https://brainly.in/question/9133698