Differential And Absolute Ground Rent
Differential ground rent and absolute ground rent are concepts used by Karl Marx in the third volume of Das Kapital to explain how the capitalist mode of production would operate in agricultural production, under the condition where most agricultural land was owned by a social class of land-owners who obtained rent income from those who farmed the land. Rent as an economic category is regarded as one form of surplus value just like interest, production taxes and industrial profits.
Read more about Differential And Absolute Ground Rent: Aim of The Theory, Law of Value, Theoretical Significance, Rent in Macro-economics, Forms of Differential Ground Rent, Absolute Ground Rent, Physiocratic School
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