Multiple Choice Questions on Economic rent can accrue to ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Economic rent can accrue to ........

Land only

Incorrect Answer

Capital only

Incorrect Answer

Specialized technical personnel only

Incorrect Answer

Any of the factors of production 

Correct Answer
Explanation:

Economic rent can accrue to any of the factors of production. Economic rent is any payment to an owner or factor of production in excess of the costs needed to bring that factor into production.


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