economic rent

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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weal
well-being, prosperity, or happiness.
the intervening time.
a somewhat prolonged, sharp, shrill cry, as of pain, fear, or surprise.
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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, economic sanctions, economic strike, economic zone, economical, economically
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

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