The return to a factor that is in fixed supply is a pure rent.

Name: The return to a factor that is in fixed supply is a pure rent.
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In economic theory, the return to a factor of production that is in fixed supply, such as land, is considered a pure rent. This is because the supply of these factors cannot be increased in response to increased demand, leading to earnings that are not attributed to any effort or investment but rather to the exclusive ownership or control of the scarce resource.

The Return to a Factor That Is in Fixed Supply