Question:medium

Who amongst the following had given the 'average rent' theory?

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According to Ricardo's theory, when land revenue is assessed, the state should only tax the surplus (rent) of rich soils. However, in practice, colonial land surveys overestimated the yield and taxed poor peasants heavily, leading to widespread distress.
Updated On: Jul 28, 2026
  • David Ricardo
  • Karl Marx
  • Adam Smith
  • Francis Buchan
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The Correct Option is A

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