economic rent


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economic rent

n.
See rent1.

economic rent

n
1. (Economics) economics a payment to a factor of production (land, labour, or capital) in excess of that needed to keep it in its present use
2. (Law) (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

ec′onom′ic rent′


n.
the return on a productive resource, as land or labor, that is greater than the amount necessary to keep the resource producing.
[1885–90]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.economic rent - the return derived from cultivated land in excess of that derived from the poorest land cultivated under similar conditions
proceeds, take, takings, yield, payoff, issue, return - the income or profit arising from such transactions as the sale of land or other property; "the average return was about 5%"
References in periodicals archive ?
If a monopoly were unexpectedly to reassert control, the economic rent estimate would be higher, in the $20-25 trillion range.
Here, the court determined that no legal precedent establishing a minimum number of units had been provided, consequently the court applied the presumption and held the actual rent was the economic rent.
Contract notice: Ensuring contract catering form of economic rent and through imports.
Hence to economists, economic rent (quasi-rent) is a crucial component of value added.
1 Sheshinski Committee has Come up with its Recommendations for a Balanced Approach of Economic Rent
Part 1: All-day dining Terms professional soldiers and employees of the Ministry of Defence of the Slovak Republic Pre ov members of IC 6335, IC 1037 Martin, IC 2215 and IC 3030 Pre ov Elected in 6335 catering facilities ECS exact form of economic rent catering equipment ECS 6335 Pre ov.
The firm can increase its profits if it can take this economic rent from the waiters.
Kinnard refers to economic rent in the sense of David Ricardo (classical economist, 1772-1823) - an excess over what is now called market rent.
Calculation of economic rents and economic rent price relatives using the normalized rents (1 above) and the adjustments mentioned in 3, 4, 5, and 6 above.
This section presents examples of government actions that are difficult to categorize as the result of pure economic rent seeking.
Contract notice: Catering staff and students umb bb form of economic rent.
The firm that owns the brand derives economic rent, which is earned revenue to the firm; the firm benefits from the favorable associations created by the firm's marketing policies for the brand.

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