Abstract
Land is often discussed in connection with the law of diminishing returns, which we covered in Chapter 7, and with economic rent, which we deal with in Chapter 18. Capital accumulation is important in influencing the standard of living and we discuss the importance of this in Chapters 18, 36 and 38.
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© 1992 Barry Harrison, Charles Smith and Brinley Davies
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Harrison, B., Smith, C., Davies, B. (1992). Land and Capital. In: Introductory Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-22006-9_16
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DOI: https://doi.org/10.1007/978-1-349-22006-9_16
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-54294-1
Online ISBN: 978-1-349-22006-9
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