Economy, asked by mannmann, 1 year ago

explain how modern theory of rent is an improvement over marshalls theory

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Answered by katpallynithinr
0
Economic rent is a surplus or excess over the transfer earnings". ... The Ricardian theory of rent is explained by taking an example: .... The moderneconomists are of the opinion that if a plot of land can be put to several uses, then it does .... The concept of quasi-rent owes its origin to Dr. Alfred Marshall.
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