Question : Surplus earned by a factor other than land in a short period is referred to as:
Option 1: economic rent
Option 2: net rent
Option 3: quasi-rent
Option 4: super-normal rent
Answer (1)
18th Jan, 2024
Correct Answer: quasi-rent
Solution : The correct answer is quasi-rent .
The additional income that is comparable to rent is referred to as "quasi-rent". The term "quasi-rent" describes the extra money made when land is used as a production mechanism for a brief period.
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