Explain how does the economists use of the term rent differ, Ask an Expert

Economics

Q. Some people claim that the "economic way of thinking" does not apply to issues such as health care. Explain how economics does apply to this issue by developing a "model" of an individual's choice.

Q. Explain how does the economist's use of the term rent differ from everyday usage? Explain: "through rent need not be paid by society to make land available, rental payments are very useful in guiding land into the most productive use."

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Macroeconomics, Economics

Category:- Macroeconomics
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