Share this entry

Share this page

economic rent

Line breaks: eco|nom¦ic rent

Definition of economic rent in English:

noun

Economics
The extra amount earned by a resource (e.g. land, capital, or labour) by virtue of its present use.
Example sentences
  • 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:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day tenebrous
Pronunciation: ˈtɛnɪbrəs
adjective
dark; shadowy or obscure