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Absolute Rent

A form of rent that must be paid regardless of the quality of the land. Under the capitalist system, the landowner, by virtue of his monopoly of the right to private ownership of land, receives a rent from the agricultural capitalist who rents any piece of land, and the rent must also be paid for renting inferior soil. This portion of the ground-rent is the absolute rent. It is also a part of the surplus-value created by agricultural laborers…

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