Economics · Factor Pricing
In economic theory, the term 'Economic Rent' primarily refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Payment made for the use of land or any factor of production with inelastic supply✓
- 2Payment made for the use of organization/entrepreneurship
- 3Payment made for the use of capital
- 4Payment made for the use of labor
Correct answer
Payment made for the use of land or any factor of production with inelastic supply
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