Definition of economic rent in English:
The extra amount earned by a resource (e.g. land, capital, or labour) by virtue of its present use.
- Taxing the economic rent of natural resources induces users to make optimal use of environmental resources.
- For instance, if the two approaches were to overlap, the purchase of development rights would tend to undercut land value taxation as a revenue source because the economic rents would be largely removed.
- They obtain economic rents at the expense of taxpayers and consumers who are unorganized, uninformed, and paying costs that are not well defined or conspicuous.
Definition of economic rent in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Pakistan