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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.
Origin of economic rent
1885-90 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for economic rent
  • While the contract rental or lease of a given property is to be considered the current economic rent should be given weight.
  • These professions are human-capital intensive and employees therefore capture the lion's share of economic rent.
  • The removal of fee caps allows reputable universities to extract an economic rent on the status conferred by their qualifications.
  • The period over which a property will yield a return on and of the investment, over and above the economic rent due to land.
  • The rental amount to be paid for the premises will be the lesser of economic rent or contract rent.
  • The period over which property will yield a return on and of the investment, over and above the economic rent due to land.
  • The model consists of economic rent tables for the types of interior space that are typically found in these properties.
  • economic rent theory was extended and modified to explain how flooding influences land values.
British Dictionary definitions for economic rent

economic rent

(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
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