Explain how Modern theory of Rent is an improvement over Marshall’s theory of rent - स्वागत svaagat सवाल और जवाब savaal aur javaab, in this article entitled Explain how Modern theory of Rent is an improvement over Marshall’s theory of rent, I will discuss about Economy, while also providing the right information to be useful for my friend , for I share the information based on what I know , if there is a mistake you can leave a comment or contact us on the menu that has been provided.

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Explain how Modern theory of Rent is an improvement over Marshall’s theory of rent

Answer:


Modern theory of rent is an improvement or modification over the Ricardian theory of rent. Economists like Marshall, Mrs. Joan Robinson and Bounding contributed to the ideas of rent which is called modern theory of rent. Ricardo's theory explains why one land commands higher rent than another. But it fails to answer who rent arises. The modern economist’ has evolved a theory called the scarcity rent.

Scarcity rent is the modified version of the demand and supply applied to land. According to the modern theory, rent arises due to the relative scarcity of land in relation to its demand. The greater the demand for land the higher shall be its rent. Thus Rent is the resultant of the interaction of the forces of demand and supply in relation to land. The modern theory of rent is also called on the demand and supply theory.

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तुम सिर्फ पढ़ा है tum sirph padha hai Explain how Modern theory of Rent is an improvement over Marshall’s theory of rent और इस लेख के बाद स्थायी शामिल करने के लिए उद्धृत किया जा सकता aur is lekh ke baad sthaayee shaamil karane ke lie uddhrt kiya ja sakata https://axaj.blogspot.com/2016/08/explain-how-modern-theory-of-rent-is.html यह लेख एक साथी खोज नहीं है, तो yah lekh ek saathee khoj nahin hai, to Economy शायद नीचे लेख पाल मदद कर सकते हैं shaayad neeche lekh paal madad kar sakate hain.