Which is roughly as follows: land rent is the price Whatsapp Mobile Number List paid by the land user, and it is determined by monopoly (scarcity) rather than by the cost of investments and improvements made by the landlord in it. With the maturity of the social division of labor system and the rapid development Whatsapp Mobile Number List of modern information technology, ricardo's law has been given a broader definition in the new era, that is to say, as long as the assets and economic factors that can provide comparative advantages can be priced, while it is not limited to the scarce natural objects originally used for land.
It is not difficult to explain why the american aerospace Whatsapp Mobile Number List company receives millions of passengers a year and generates hundreds of billions of profits, but its profit margin is not comparable to that of a small google company, because there are essential differences in their respective Whatsapp Mobile Number List business models. . One side is constantly reducing costs and profits to maintain operations, and the other side is profiting from scarcity under monopoly.
The essence behind the huge spread is the impact and Whatsapp Mobile Number List manifestation of scarcity. This is still the case with industry giants, and the influence of ricardo’s law in the daily workplace and life is like the hand of god, which can be seen everywhere and irreversible everywhere. For example, the same Whatsapp Mobile Number List high school teacher, mr. Zhang has better college entrance examination scores than the students tutored by mr. Li, then mr. Zhang will definitely be like valuable land, and his labor will also get a better premium than his peers.