economic rent

Definition of Economic Rent in English :

1. economic rent, rent

the return derived from cultivated land in excess of that derived from the poorest land cultivated under similar conditions

WordNet Lexical Database for English. Princeton University. 2010.

Economic Rent

noun

1. economics

a payment to a factor of production (land, labour, or capital) in excess of that needed to keep it in its present use

(in Britain) the rent of a dwelling based on recouping the costs of providing it plus a profit sufficient to motivate the landlord to let it

See rent¹.

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