Thus. the rent If land. like the remuneration of other factors of production, i~ determined b)’ the equilibrium between dell land lot. and supply of land. In other COITUS. it  scarcity in relation to demand that determines rent. Fundamentally speaking. relight is paid for land. because the produce of and is scarce in relation to its cumuli. The scarcity of land is in fact derived from the scarcity (If its products. It is this scarcity which explains all values and rent is no exception