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According to Modern Theory of Rent, rent...

According to Modern Theory of Rent, rent accrues to

A

capital only

B

any factor

C

labour only

D

land only

Text Solution

Verified by Experts

The correct Answer is:
B
Modern theory of rent does not confine itself to the reward of only land as a factor of production as was the case in the classical Ricardian theory of rent. Rent in modern sense can arise in respect of any oth er factor of production, i.e., labour, capital and entrepreneurship.
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