Re: Smith: ground rents and land rents

>When Adam Smith wrote, "Both ground-rents and the ordinary rent of land are
>a species of revenue which the owner, in many cases, enjoys without any care
>or attention of his own."
>what precisely did he mean by "ground-rents" and "ordinary rent of land."?

"Ground rent" means the land rent. The "ordinary rent of land" means
rent in the vernacular sense which includes improvements.

.

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