Present the logic of the corn theory of rent and profit, Business Economics

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Present the logic of the corn theory of rent and profit

Present the logic of the corn theory of rent and profit from Ricardo. Then explain what happens to the rate of profit in agriculture as more land of inferior quality is brought into cultivation. Show how the developments in agriculture affect the overall rate of profit for the capitalists. Explain why Ricardo favored abolishing tariffs on imported food as a result.?

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