Differentiate between transfer earnings and economic rent in relation to land as a factor of production

Differentiate between transfer earnings and economic rent in relation to land as a factor of production

Transfer earning in relation to land are the rewards to land that is enough to keep it in its present use.

Economic rent of land is the additional reward/payment over and above  what is required to keep it in its present use or it a reward over the its transfer earning.

CATEGORIES
TAGS
Share This

COMMENTS

Wordpress (0)
Disqus ( )