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In Marx's theory, however, [23] land rents do not simply reflect a property income gained from the ownership of an asset, but are a real element of surplus value and consequently of the value product, insofar as those rents are a flow of earnings which must be paid out of the new value created by the current production of primary products on ...
In the whole economy, this will include both income directly from production and property income. Surplus-value can be viewed as the source of society's accumulation fund or investment fund; part of it is re-invested, but part is appropriated as personal income, and used for consumptive purposes by the owners of capital assets (see capital ...
Surplus product (German: Mehrprodukt) is a concept theorised by Karl Marx in his critique of political economy.Roughly speaking, it is the extra goods produced above the amount needed for a community of workers to survive at its current standard of living.
If all units of land are homogeneous but demand exceeds supply, all land will earn economic rent by virtue of its scarcity. Differential rent Differential rent refers to the rent that arises owing to differences in fertility of land. The surplus that arises due to difference between the marginal and intra-marginal land is the differential rent.
Operating surplus is a component of value added and GDP. The term "mixed income" is used when operating surplus cannot be distinguished from wage income, for example, in the case of sole proprietorships. Most of operating surplus will normally consist of gross profit income. In principle, it includes the (separately itemised) increase in the ...
The Oklahoma Turnpike Authority will be doing land-office business when 28 parcels of property alongside seven of the state's 10 toll roads are sold at auction in Oklahoma City.. The auction will ...
In mainstream economics, economic surplus, also known as total welfare or total social welfare or Marshallian surplus (after Alfred Marshall), is either of two related quantities: Consumer surplus , or consumers' surplus , is the monetary gain obtained by consumers because they are able to purchase a product for a price that is less than the ...
Blighted land in Philadelphia. Land banking is the practice of aggregating parcels of land for future sale or development.. While in many countries land banking may refer to various private real estate investment schemes, in the United States it refers to the establishment of quasi-governmental county or municipal authorities tasked with managing an inventory of surplus land.