Define the term rent.Explain why confiscation of rents would cause more than a simple transfer of income from resource owners to the government.

Name: Define the term rent.Explain why confiscation of rents would cause more than a simple transfer of income from resource owners to the government.
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The Answer of Define the term rent.Explain why confiscation of rents would cause more than a simple transfer of income from resource owners to the government.

Define the Term Rent