RENT

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RENT 

MEANING OF RENT

In Ordinary speech. the term ‘rent’ is used in a wide sense to mean a hiring charge, e,g  rent of a house, n tonga or n machine. But, in Economics, tent, or rent as it is called, is used in a special sense. It refers to thaT part of The ,Yemen by a tenant which is made only Ior Ihe use of land, i,e. free gift or nature.

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RENT