Q.

According to Modern Theory of Rent, rent accrues to -

A. capital only
B. any factor
C. labour only
D. land only
Answer» B. any factor
Explanation: Modern theory of rent does not confine itself to the reward of only land as a factor of production as was the case in the classical Ricardian theory of rent. Rent in modern sense can arise in respect of any other factor of production. i.e., labour, capital and entrepreneurship.
992
0
Do you find this helpful?
5

View all MCQs in

Economics (GK)

Discussion

No comments yet