economic rent
- noun
- /ˌiːkəˈnɑːmɪk rɛnt/
- Specialized
:
renta económica
- The economic rent generated by productive agricultural land can significantly boost a farmer's income.
- share of economic rents
- increase in economic rent
The capitalist profit is not a form of economic rent, unlike the kinds of economic rent that people before me have all been discussing.
- The capitalist profit is not a form of economic rent, unlike the kinds of economic rent that people before me have all been discussing.
- And it's why it collects so much economic rents from society.
- And the the distinction between value and price was price is the excess of value that represented economic rent.
Examples
-
Overall, the Danish system collects a very substantial share of any economic rents to the state.
Academic text (1992) -
Simulation modeling is used in this paper to estimate the changes in landings, revenue, costs, and economic rent attributable to the Texas closure.
Academic text (1992) -
The results provide a measure of the share of economic rents collected in taxation at the field development decision point.
Academic text (1992) -
Unfortunately for Canada, the ability to extract economic rents from natural resources seems to be declining.
Academic text (1993) -
In practice, however, the great majority of fiscal systems are not directly targeted at economic rents.
Academic text (1992) -
Workers enjoyed minimal access to the huge economic rents generated by these sectors and scarcely shared in the benefits of economic growth.
Academic text (2001) -
The pre-tax NPV is a measure of the economic rents expected from the project at the field development stage.
Academic text (1992) -
If the fiscal system is directly and accurately targeted on economic rents, then investment decisions regarding exploration and development should not be distorted.
Academic text (1992) -
In an open-access fishery such as the Gulf shrimp fishery, it is useful to consider the implications of increasing economic rents to the participants.
Academic text (1992) -
The effect of licensing is to create a cartel that supplies its members with economic rents on an ongoing basis because entry restrictions operate like a "hidden subsidy" to licensees.
Academic text (2016)
Synonyms
22
8.1
Extra income a land owner gets because their land is more productive
How Much
Surface Forms
Morphology
The phrase pairs 'economic' (relating to the economy) with 'rent' (income/payment from property), so a B1 learner would likely infer it refers to some kind of income or payment in an economic context. However, the precise technical meaning — a surplus return above the minimum needed to keep a factor in use — is specialized and not fully predictable from basic word knowledge, so learners would need prior exposure or domain knowledge to understand it exactly.
Etymology
The term economic rent uses rent in the old sense of a payment for land and means the 'extra money' earned because a place or resource is better than the poorest one in use. Imagine two fields, one poor and one very rich: farmers pay more for the rich field, and that extra payment is the 'economic rent', so the term means the money above what is needed to keep the land in use.