What is the reward accruable to land?
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Correct Answer: Option A
Explanation:
Rent is the reward paid to the owner of land for the use of the land or other natural resources. Since land is a factor of production and its supply is limited, those who use it may have to pay rent to its owner.
Rent is the reward paid to the owner of land for the use of the land or other natural resources. Since land is a factor of production and its supply is limited, those who use it may have to pay rent to its owner.