4. Any return to capital above the pure interest yield is unnecessary. The pure interest yield is...
Question:
4. "Any return to capital above the pure interest yield is unnecessary. The pure interest yield is sufficient to provide the capitalist with the earnings necessary to replace his assets and to compensate for his sacrifice of current consumption. Any return above that is pure gravy; it is excess profit." Do you agree with this view? Why or why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Economics Private And Public Choice
ISBN: 9780123110404
2nd Edition
Authors: James D Gwartney; Richard Stroup; A H Studenmund
Question Posted: