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 ?
'This is an area that has really been a challenging one because there are subsidies to premix fuel, and whenever there are subsidies, the distribution of the product tends to create economic rents, and when it creates these rents all sorts of people come in the middle and the fishermen, for whom this is designed, ultimately don't even get the product because the products are smuggled and sold to other people who may not even be fishermen at higher prices,' he asserted.
Although the focus of the analysis is the construction of Chicago's United Center that opened in 1995, the book is also a much broader commentary on the "New Guilded Age" (page 6) that has seen a concentration of wealth towards those individuals who can sway politicians and capture enormous economic rents from local taxpayers who receive little in the way of benefits.
Other entrepreneurs have fallen afoul of the regime's attempt to centralize the distribution of economic rents, despite their pro-Bouteflika credentials.
The researchers conclude that their findings are consistent with the theory that employers engage in rent-sharing, passing some of the economic rents produced by high-value patents through to workers, with the most valuable workers --those who would be most expensive to replace--capturing the largest proportion of these gains.
Economic Viability: Most of the designated zones are located in areas where the achievable economic rents do not support today's new construction costs.
The economic rents are created which the civil servants provide; public service morphed into an economic value.
Moreover, the chapters in the Williams and Le Billion book focus on the distribution of resource rents from different resource governance schemes, whereas economists studying resource governance generally focus on the size of economic rents. To economists, corruption is an economic problem if it reduces rents, independent of who gets them.
In Bangladesh, as I have observed is often the case in Pakistan, the party in power has little interest in good governance, and much more interest in the economic rents that accrue to those in governance.
These enable them to collect massive economic rents, especially at the pre-production (including design) and post-production (marketing and branding) stages, where the most value-added and profit is generated.
Economists Peter Orszag and Jason Furman have argued that investment and innovation have taken a back seat to profits derived from economic rents. Political factors also increasingly appear to play a major role in driving corporate profits, as new regulations help incumbent firms, another strike against economic efficiency.
Such "above normal" returns are usually taken to represent economic rents attributable to one or more unique attributes of the firm.
"Completion of the CVA and equity financing will enable us to establish an appropriately-sized estate of modernised stores, on economic rents, complemented with a compelling online offer, enabling Carpetright to address the competitive threat from a position of strength."

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