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ricardian theory of rent

 - 2 dictionary results

Ri⋅car⋅di⋅an the⋅ory of rent

  [ri-kahr-dee-uhn] .
Use ricardian theory of rent in a Sentence
–noun
economic rent.
Origin:
after David Ricardo; see -ian

economic rent

 
–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.
Also called Ricardian theory of rent.

Origin:
1885–90
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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