economic rent

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noun

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.

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Also called Ricardian theory of rent.

Origin of economic rent

First recorded in 1885–90

Words nearby economic rent

economic indicator, economic indicators, economic migrant, economic model, economic rationalism, economic rent, economics, economic sanctions, economic strike, economic zone, economism

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

How to use economic rent in a sentence

“The US cannot tolerate the idea of any rival economic entity,” Stone writes.
Oliver Stone’s Latest Dictator Suckup|James Kirchick|January 5, 2015|DAILY BEAST
Andrew still plans to fly to Davos in Switzerland for the World Economic Forum on January 21, representing the British government.
From Playboy Prince to Dirty Old Man?|Tom Sykes|January 5, 2015|DAILY BEAST
What they believe impacts economic policy, foreign policy, education policy, environmental policy, you name it.
The Evangelical Apocalypse Is All Your Fault|Jay Michaelson|January 4, 2015|DAILY BEAST
In a remote location with little means for economic development, the Brogpas have cultivating this identity to their advantage.
The Himalayas’ Hidden Aryans|Nina Strochlic|January 3, 2015|DAILY BEAST

And black fury toward cops today is fueled by historic economic disparities and by the economic disaster of the past decade plus.
No Gods, No Cops, No Masters|James Poulos|January 1, 2015|DAILY BEAST
If there is everywhere complete economic freedom, then there will ensue in consequence a régime of social justice.
The Unsolved Riddle of Social Justice|Stephen Leacock
Rent, the share of the land-owner, offered to the classicist a rather peculiar case.
The Unsolved Riddle of Social Justice|Stephen Leacock
A fourth lives upon rent, dozing in his chair, and neither toils nor spins.
The Unsolved Riddle of Social Justice|Stephen Leacock
Prices such as are indicated here were dismissed by the earlier economist as mere economic curiosities.
The Unsolved Riddle of Social Justice|Stephen Leacock
True, in such a case as this, "economic strength" would probably be broken down by the intrusion of physical violence.
The Unsolved Riddle of Social Justice|Stephen Leacock

British Dictionary definitions for economic rent

economic rent

noun

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

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012