economic rent
noun Date: 1889 the return for the use of a factor in excess of the minimum required to bring forth its service

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • Economic rent — is the difference between what a factor of production is paid and how much it would need to be paid to remain in its current use.There are multiple mechanisms that can create economic rent: political contrivance, network effect, monopoly power,… …   Wikipedia

  • economic rent — Rent Rent (r[e^]nt), n. [F. rente, LL. renta, fr. L. reddita, fem. sing. or neut. pl. of redditus, p. p. of reddere to give back, pay. See {Render}.] 1. Income; revenue. See {Catel}. [Obs.] Catel had they enough and rent. Chaucer. [1913 Webster]… …   The Collaborative International Dictionary of English

  • Economic Rent — The amount of money an owner of a factor of production must receive in order for that owner to rent out that factor of production. Factors of production include labor, capital and land. Economic rent is the minimum amount of money that some owner …   Investment dictionary

  • economic rent — the return on a productive resource, as land or labor, that is greater than the amount necessary to keep the resource producing or on a product in excess of what would have been the return except for some unique factor. Also called Ricardian… …   Universalium

  • economic rent —   also known as locational rent, the profit to be derived from land. Proposed by von Thunen, it is calculated by subtracting the costs of production and transport of a unit of produce from the market price for that unit and multiplying by the… …   Geography glossary

  • economic rent — ec′onom′ic rent′ n. bus the return on a productive resource, as land or labor, that is greater than the amount necessary to keep the resource producing • Etymology: 1885–90 …   From formal English to slang

  • economic rent — noun the return derived from cultivated land in excess of that derived from the poorest land cultivated under similar conditions • Syn: ↑rent • Hypernyms: ↑return, ↑issue, ↑take, ↑takings, ↑proceeds, ↑yield, ↑ …   Useful english dictionary

  • economic rent — the total amount of profit that could be earned from a fishery owned by an individual. Individual ownership maximizes profit, but an open entry policy usually results in so many fishermen that profit higher than opportunity cost is zero …   Dictionary of ichthyology

  • Rent — (r[e^]nt), n. [F. rente, LL. renta, fr. L. reddita, fem. sing. or neut. pl. of redditus, p. p. of reddere to give back, pay. See {Render}.] 1. Income; revenue. See {Catel}. [Obs.] Catel had they enough and rent. Chaucer. [1913 Webster] [Bacchus]… …   The Collaborative International Dictionary of English

  • Rent arrear — Rent Rent (r[e^]nt), n. [F. rente, LL. renta, fr. L. reddita, fem. sing. or neut. pl. of redditus, p. p. of reddere to give back, pay. See {Render}.] 1. Income; revenue. See {Catel}. [Obs.] Catel had they enough and rent. Chaucer. [1913 Webster]… …   The Collaborative International Dictionary of English

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