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 agreed amount payable to a policy holder when the event insured against occurs is? ...
Billboards and posters are forms of? ...
Which of the following is an investor earns profit on the basis of his patronage? ...
Which of the following is a non-insurable risk ...
Which of the following products is likely to have a low rate of turnover?` ...
The management of a company with a view to ending its operation is known as ...
What is the major function of the wholesaler? ...
Which of the following assesses duties payable on imports and exports? ...