reference to the shoe industry, carried on under conditions which are
not unduly complicated.

The individual having control of the actual manufacture of the shoes
is the entrepreneur. It is he who, in anticipation of a demand for
shoes, has initiated the enterprise. Suppose, for the sake of
simplicity, that the entrepreneur has secured land from the land-
owner, capital from the capitalist, and labor from the workmen.
Protected in a legitimate enterprise by the government, he has set
himself up as a manufacturer of shoes. Since he is in control of the
enterprise, it is he who pays the land-owner, the capitalist, and the
laborers, for their respective contributions toward the finished
shoes.

The amounts received by the individuals coöperating with the
entrepreneur are not, however, arbitrarily determined. The
entrepreneur must bow to economic law, and give these individuals what
free competition in industry sets as a proper reward for their
respective services. Let us examine into this conformity to economic
law.

86. THE LAND-OWNER RECEIVES RENT.--The land-owner is rewarded because
he extends the use of land to the entrepreneur. A land-owner could not
be expected to, and will not, allow the entrepreneur free use of this
land. The land-owner must therefore be paid for the use of the land.
The entrepreneur, on the other hand, is able and willing to pay for
the use of the land because upon it he expects to build a factory in
which to manufacture shoes. He therefore pays the land-owner an amount
of money called rent. The amount of rent paid for a piece of land
depends partly upon how much the entrepreneur wants the land, and