Summary
The material which is read this week applies to my personal and professional life to a greater extent. Considering the topic of economic rent, being a tenant I have personally experienced that the rent of the houses in the most desired and demanded locations is high. This is exactly I accordance with the economic rent principle which also describes that rent is high because of the high final product demand and the derived demand. Further, in my professional life I have experienced that that there is employee discrimination in a way that women are paid less than men, also they are not ...
