Recardian Theory of Rent

Recardian Theory of Rent

1. By
Khemraj Subedi
Associate Professor
M.Phil in Economics
PhD Scholar in Economics
Theory of Rent
For BBS Business Economics
Recardian Theory of Rent

2. Meaning of Rent
In simple words, ‘ rent’ is used as a part of the produce
which is paid to the owner of land for the use of his
goods and services.
Ineconomics,economic rentis any payment to an
owner orfactor of productionin excess of the costs
needed to bring that factor into production.
In classical economics, economic rent is any payment
made (including imputed value) or benefit received for
non-produced inputs such as location ( land) and for
assets formed by creating officialprivilegeover natural
opportunities (e.g.,patents).

18. Thank you very much