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SSC Sample Paper SSC-CGL TIER - I Sample Test Paper-2

  • question_answer
    Who defined 'Rent' as that portion or produce of the earth which is paid to the landlord for the use of original and indestructible power of the soil?

    A)  Ricardo

    B)  Marshall

    C)  Keynes

    D)  Pigou

    Correct Answer: A

    Solution :

     According to Ricardo, rent is that portion of the produce of the earth, which is paid to the landlord for the original and indestructible powers of the soil. It is a surplus enjoyed by the super marginal land over the marginal land arising due to the operation of the law of diminishing returns.


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