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Why Is Land Rent a "Surplus Payment" from the Perspective

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Why is land rent a "surplus payment" from the perspective of economists?


Definitions:

Higher Amount

A term that refers to a value that is greater when compared with another quantity or measure.

Specific Identification

A method of inventory valuation that tracks the actual cost of each specific item in inventory.

Grocery Store

A grocery store is a retail establishment that sells food and other household goods.

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