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Question
Rent theory of profit is associated with the name of ________.
Rent theory of profit is associated with the name of ________.
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Solution
The correct option is C Walker
The rent theory was developed by an American economist, Francis L Walker.
He states that profit is the rent of ability.
Entrepreneurs of superior ability earns profit just as superior land earns rent.
The rent theory was developed by an American economist, Francis L Walker.
He states that profit is the rent of ability.
Entrepreneurs of superior ability earns profit just as superior land earns rent.
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