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Ricardo theory of rent

Ricardo theory of rent

Ricardo formulates the “law of rent” around 1809 also known as Ricardo theory of rent . The Law of Rent states that the rent of a land site is equal to the economic advantage obtained by using the site in its most productive use, relative to the advantage obtained by using marginal (the best rent-free) land

TBS Land Airbus

TBS Land Airbus

What is TBS Land Airbus? The “TBS Land Airbus” is a concept of a large train-like vehicle that straddles roadways, requiring neither elevated tracks nor tunnels. It sits on stilts that connect to either side of the road, allowing regular cars to freely pass underneath it. The vehicle will move along fixed tracks at a speed of

Theory of Comparative advantage

In economics, Theory of Comparative advantage refers to the ability of a party to produce a particular good or service at a lower marginal and opportunity cost over another. Even if one country is more efficient in the production of all goods (absolute advantage in all goods) than the other, both countries will still gain by trading with each other,

Climate Change and Global Warming

Global Warming

Climate Change and Global Warming Introduction Climate change can be defined as a change in the state of climate that can be identified by changes in the mean and/or variability of its properties, and that persists for an extended period, typically decades or longer. It may be a consequence of natural internal processes or external

Data Processing & Data Processing Methods

What is Data Processing Data processing is simply the conversion of raw data to meaningful information through a process. Data is manipulated to produce results that lead to a resolution of a problem or improvement of an existing situation. Similar to a production process, it follows a cycle where inputs (raw data) are fed to