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 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 — 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
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
