An increase in the value of land or property without labor or expenditure on the part of the owner.
More example sentences
- But a larger equity problem is that sellers of development rights are being allowed to capture an unearned increment in land value brought on largely by public investment in infrastructure.
- He explained that where compensation of some form was to be provided for the loss of the unearned increment in land values, further economic distortion would result.
- George, like all other economists, used the term unearned increment to apply to increases in value that occurred separately from the things discussed by Harris.
Definition of unearned increment in:
- The British & World English dictionary