explain the modern theory oof rent
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According to modern theory, economic rent is a surplus which is not peculiar to land alone. ... It can be a part of income of labour, capital, entrepreneur. According to modern version rent is a surplus which arises due to difference between actual earning and transfer earning.
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According to modern theory, economic rent is a surplus which is not peculiar to land alone. ... It can be a part of income of labour, capital, entrepreneur. According to modern version rent is a surplus which arises due to difference between actual earning and transfer earning.
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