The concept of economic rent is associated with the economist

Name: The concept of economic rent is associated with the economist
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

David Ricardo is considered the economist who introduced the concept of economic rent. He argued that economic rent is the payment made to landlords for the use of land that is above what is necessary to bring it into production. This concept is still used in modern economics to describe payments made for the use of natural resources or other scarce inputs.

The Concept of Economic Rent Is Associated with the Economist