3 ms·
It is a little bit different. Commodities can be produced by multiple people and end up being the same thing. Now there are other factors involved I can contrib
by skilesare 12y ago
It is a little bit different. Commodities can be produced by multiple people and end up being the same thing. Now there are other factors involved I can contribute to economic rent being charged. For example, the hotdog vendor at the bottom of my building can charge 1.05 for the hotdog, whereas the guy at the other side of the park will have to charge .65 for me to walk past the guy charging 1.05. It's tough to get away from economic rent.