Directions : Analyze and refer to the images below. Afterwards , answer the questions thoroughly. 1. Explain the determinants of rent such as land , fertility, location and peace & order. Give example also on each determinant of rent.

Applications and Investigations in Earth Science (9th Edition)
9th Edition
ISBN:9780134746241
Author:Edward J. Tarbuck, Frederick K. Lutgens, Dennis G. Tasa
Publisher:Edward J. Tarbuck, Frederick K. Lutgens, Dennis G. Tasa
Chapter1: The Study Of Minerals
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Directions : Analyze and refer to the images below. Afterwards , answer the questions thoroughly.

1. Explain the determinants of rent such as land , fertility, location and peace & order. Give example also on each determinant of rent.

Determinants
of Rent
a. Land located in densely populated
areas commands higher demand than
those in sparsely inhabited sites.
13
b. Fertility is a determinant; in agricultural
lands, fertility reduces the cost of
production.
Transcribed Image Text:Determinants of Rent a. Land located in densely populated areas commands higher demand than those in sparsely inhabited sites. 13 b. Fertility is a determinant; in agricultural lands, fertility reduces the cost of production.
c. Location or accessibility to
transportation
transportation costs.
and markets reduces
d. Peace and order situation in a
particular area is far from desirable, land
may merit lower or even no rent at all.
Transcribed Image Text:c. Location or accessibility to transportation transportation costs. and markets reduces d. Peace and order situation in a particular area is far from desirable, land may merit lower or even no rent at all.
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