Outlines of Elementary Economics
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In the case of the second spring your walk is a sort of rent — you pay in effort instead of in money.
The matter of location becomes of over- shadowing importance in the case of city rents, where convenience, health, beauty, and social advantages are the leading subjects of interest.
As with agricultural lands, so with urban lands there are locations of vanishing value which are nearly marginal and therefore almost non- rent-paying. The better locations command rent in the measure that they are... more de- sirable than the marginal locations. Rent is therefore the measure of the difference in de- sirability between better lands and marginal lands. The word differential is a common and useful term in describing any form of URBAN LANDS 87 rent — whether land rent or the different quasi- rents.
SUGGESTIVE QUESTIONS Assume an island with lands ranging in productive quality from 28 to 20 as shown by the diagram. Consider that with each 100 of population a new tract has to be cultivated and 20 20 20 20 20 20 that the diagram covers all the land 21 21 21 21 21 21 to Vvhich the society has access, oo 90 90 99 99 99 What will be the sum total of rent ^ with a population of 900?
What to read after Outlines of Elementary Economics?
You can find similar books in the "Read Also" column, or choose other free books by Davenport, Herbert Joseph, 1861-1931. [from Old Catalog] to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In the case of the second spring your walk is a sort of rent — you pay in effort instead of in money.
The matter of location becomes of over- shadowing importance in the case of city rents, where convenience, health, beauty, and social advantages are the leading subjects of interest.
As with agricultural lands, so with urban lands there are locations of vanishing value which are nearly marginal and therefore almost non- rent-paying. The better locations command rent in the measure that they are... more de- sirable than the marginal locations. Rent is therefore the measure of the difference in de- sirability between better lands and marginal lands. The word differential is a common and useful term in describing any form of URBAN LANDS 87 rent — whether land rent or the different quasi- rents.
SUGGESTIVE QUESTIONS Assume an island with lands ranging in productive quality from 28 to 20 as shown by the diagram. Consider that with each 100 of population a new tract has to be cultivated and 20 20 20 20 20 20 that the diagram covers all the land 21 21 21 21 21 21 to Vvhich the society has access, oo 90 90 99 99 99 What will be the sum total of rent ^ with a population of 900?
What to read after Outlines of Elementary Economics?
You can find similar books in the "Read Also" column, or choose other free books by Davenport, Herbert Joseph, 1861-1931. [from Old Catalog] to read onlineMoreLess
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