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
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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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Question : According to Marx, the source of value is
Question : Ryotwari system of revenue collection in India, introduced by the British, was based on the_______.
Question : Intensive agriculture implies _________.
Question : Direction: Arrange the leaves according to their size (small to large).
1. Mango leaf 2. Tamarind leaf 3. Papaya leaf 4. Banana leaf
Question : The land which is not cultivated every year though it is suitable for cultivation:
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