. Agricultural economics. Agriculture -- Economic aspects United States; Land tenure. RENTS AND PROFITS 20I of the quality in use, competitive forces tend to increase rent at the expense of the return to the other factors. Figure lo is intended to illustrate the distribution of the gross returns of the agricultural industry, among the factors of production. This illustration is based upon Table XIII and it is assumed that the factors will be brought together in the most productive manner, that is, with the most efiScient farmers operating the most efficient forms of equipments upon the most ef
. Agricultural economics. Agriculture -- Economic aspects United States; Land tenure. RENTS AND PROFITS 20I of the quality in use, competitive forces tend to increase rent at the expense of the return to the other factors. Figure lo is intended to illustrate the distribution of the gross returns of the agricultural industry, among the factors of production. This illustration is based upon Table XIII and it is assumed that the factors will be brought together in the most productive manner, that is, with the most efiScient farmers operating the most efficient forms of equipments upon the most efficient land, and that these factors are associated in the proper. I I I I -----?^H' J, B Figure io proportion. Under these conditions the composite units which are made up of the most productive grades of the factors will yield a relatively larger product, in proportion to their pro- ductivity, even, than the units made up of the less productive grades of the factors, and hence, in the higher grades each factor will receive the necessary minimum and a further differential due to superior efficiency and to the cooperation of the more productive grades of the factors. When the subject of distribution is viewed from the stand- point of industrial progress, through a long period of years,. Please note that these images are extracted from scanned page images that may have been digitally enhanced for readability - coloration and appearance of these illustrations may not perfectly resemble the original Taylor, Henry C. (Henry Charles), 1873-1969. New York : Macmillan
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectlandtenure, bookyear1
