The Macroeconomics of Rent

In the microeconomics view, when someone like pays the rent they're paying for what's called natural capital or capital that's provided by nature. And so for these people, rent isn't something that's extracted at all, right? It's just someone getting paid for their capital. But there's also a macroeconomics perspective, which is very different and holds that rent isn't a payment for capital at all. The amount of money land owners get is based on how much cheaper it is to get oil out of the ground than it is in other ways.