economic rent

Save This Word!

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.

QUIZ

CAN YOU ANSWER THESE COMMON GRAMMAR DEBATES?

There are grammar debates that never die; and the ones highlighted in the questions in this quiz are sure to rile everyone up once again. Do you know how to answer the questions that cause some of the greatest grammar debates?

Question 1 of 7

Which sentence is correct?

His boss, whom he admires, is waiting to meet with him about the big project.

His boss, who he admires, is waiting to meet with him about the big project.

TAKE THE QUIZ TO FIND OUT

Also called Ricardian theory of rent.

Origin of economic rent

First recorded in 1885–90

Words nearby economic rent

economic indicators, economic migrant, economic model, economic nationalism, 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. 2023

How to use economic rent in a sentence

In such cases the landlord makes the farmer a present, for the time being, of part of the economic rent.
Supply and Demand|Hubert D. Henderson
Economic rent is not confined to the cases of contract rent.
The Principles of Economics|Frank A. Fetter
The total product is sometimes called the "gross rent," but economic rent is "net rent."
The Principles of Economics|Frank A. Fetter
Contract rent is based on economic rent and tends to conform to it whenever there is competition.
The Principles of Economics|Frank A. Fetter

The existence of economic rent is the basis of the agreement to pay contract rent.
The Principles of Economics|Frank A. Fetter

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