Compare & contrast marshallian theory with the Ricardian theory of ren – InterviewSolution

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1.	Compare & contrast marshallian theory with the Ricardian theory of rent
Answer» Ricardo's theory it is held that rent of land arises on account of DIFFERENCES in FERTILITY or situation of the different plots of land. ... But, ACCORDING to the modern writers, rent arises on account of the INELASTICITY of supply of factors.

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