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.
A business unit in which profits are shared on the basis of members' patronage is known as ...
The feature of a supermarket is ...
Any activity that changes raw materials into consumer or industrial goods is ...
Authorized share capital is also known as? ...
Which of the following is not an economic grouping ...
Management is described as ...
Who among the following is NOT a middleman? ...
Which of the following facilitates settlement for sub-regional indebtedness? ...