Examlex
Which structure makes it easy to dispose of non-core assets while strengthening core ones?
Economic Rent
Extra income earned by a factor of production (like land or labor) due to its relatively fixed supply, exceeding what is economically necessary to bring it into use.
Landowners
Individuals or entities that hold legal title or ownership of land.
Pure Economic Rent
The income derived from the inherent value of a natural resource or location, excluding any income attributed to improvements or human intervention.
Input
Resources used in the production process, including labor, capital, and materials.
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