What is the reward accruable to land?
...What is the reward accruable to land?
Rent
profits
wages
Interest
Correct answer is A
Since land is a free gift of nature, it doesn't require any cost to be paid in order to make it available to the society for use.
As the quantity of land available for use is scarce relative to demand, a price must be paid for its use. Hence, the view point of the society , the earnings of land becomes economic rent.
The charge paid for failing to off-load a vehicle within a stipulated time is called? ...
A document that regulates the internal operations of a company is known as? ...
The symbol at in an internet mail address is used to? ...
A document that is sent to a buyer when credit is not allowed is? ...
Which of the following requires a certificate of trading to start business? ...
Which of the following is NOT a function of the stock exchange market? ...
The practice whereby a firm prepays the postage for the response of its customers is known as ...
A source of business financing which involves pledging of a specific assets is? ...