Question : Who defined 'Rent' as that portion or produce of the earth which is paid to the landlord for the use of original and indestructible power of the soil?
Option 1: David Ricardo
Option 2: Alfred Marshall
Option 3: John Maynard Keynes
Option 4: Arthur Cecil Pigou
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Correct Answer: David Ricardo
Solution : The correct option is David R icardo.
The definition of "Rent" as "that portion of the produce of the earth which is paid to the landlord for the use of the original and indestructible powers of the soil" is attributed to the economist David Ricardo. Ricardo was a prominent classical economist and one of the key figures in the development of economic thought during the 19th century.
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