Question

Write about Quasi Rent in detail.

Answer 1

Quasi-rent is a term in economics that describes temporary rent like returns to a supplier/owner. Quasi-rent differs from pure economic rent in that it is a temporary phenomenon. ... Quasi-rent refers to that additional income which is similar to rent. According to Ricardo, rent arises on account of fixed supply of land.

Answer 2

Hey mate here is your answer

Quasi-rent differs from pure economic rent in that it is a temporary phenomenon. ... Note on quasi-rent - this concept was put forward by Alfred Marshall. Quasi-rent refers to that additional income which is similar to rent. According to Ricardo, rent arises on account of fixed supply of land.

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