In macroeconomics, the net present value of all payments of this type must equal the present value of a property.
Among Adam Smith's theories into the origin of this concept were that it arose from bounties of nature, that it arose from differential advantage, or that it arose from a monopoly. Thomas Malthus wrote "An Inquiry into the Nature and Progress of" this concept in which he justified changing its levels in response to currency fluctuations and attacked the notion that it represented "price above the cost of production." David Ricardo defined it as equaling the economic advantage obtained from using (*) land for its most productive use over using land for a marginal use in a law named after this concept. In macroeconomics, the net present value of all payments of this type must equal the present value of a property. For 10 points, give this term describing the cost of leasing property whose price is limited in a type of control in some large cities.
Among Adam Smith's theories into the origin of this concept were that it arose from bounties of nature, that it arose from differential advantage, or that it arose from a monopoly.
rent