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Question : According to Modern Theory of Rent, rent accrues to 

Option 1: capital only 

Option 2: any factor 

Option 3: labour only 

Option 4: land only 


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 14th Jan, 2024

Correct Answer: any factor


Solution : The correct option is any factor,

The Modern Theory of Rent states that rent accrues to the owner of a factor of production when supply is fixed or constrained in comparison to demand. According to this view, rent is a surplus generated because of a resource's special qualities or scarcity rather than a cost of production.

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