Theory of Factor Pricing

Rent

Theory of Factor Pricing

Rent

  1. Economic rent is the minimum amount of money that an owner of land, labor or capital must r...}

Interest

Theory of Factor Pricing

Interest

  1. Interest is the reward for the capital.
  2. This theory of interest is developed by cl...}

Wage

Theory of Factor Pricing

Wage

  1. According to Benham, “A wage may be defined as the sum of money paid...}

Profit

Theory of Factor Pricing

Profit

  1. Profit is the reward for taking risk and responsibility but not the reward from management...}