compare and contrast marshllian with the ricardian theory of rent.
Answer (1)
19th Apr, 2020
Hello aspirant
The Mashllian theory makes us to understand that the factors that determine the length of production that are concerned with land is defines as tent. While the Ricardian theory states that the rent is the amount paid to the land owners as s part of the utilization of Earth's crust.
In Ricardian theory it is held that rent of land arises on account of differences in fertility or situation of the different plots of land.but according to the Mashllian , rent arises on a count of the inelasticity of supply of factors.
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