economic rent (Meaning)
Wordnet
economic rent (n)
the return derived from cultivated land in excess of that derived from the poorest land cultivated under similar conditions
Synonyms & Antonyms of economic rent
No Synonyms and anytonyms found
economic rent Sentence Examples
- The landowner receives an economic rent from the tenant in the form of a regular payment.
- The economic rent is the price paid for the use of land, capital, or other resources that are scarce in supply.
- Economic rent is determined by the demand for and supply of a particular resource.
- Landlords often charge economic rent to tenants who use their property for farming, residential, or commercial purposes.
- The economic rent can be calculated by subtracting the costs of production from the total revenue of a business.
- The government sometimes collects taxes on economic rent, which can be a significant source of revenue.
- In economics, economic rent is the payment that a resource owner receives for the use of a resource, such as land, that is fixed in supply.
- Economic rent is often seen as a "windfall" gain, as it is not earned through the efforts of the resource owner.
- The economic rent is also a source of income for the government, which may collect taxes on it.
- The concept of economic rent can be used to explain the high prices of land in some areas.
FAQs About the word economic rent
the return derived from cultivated land in excess of that derived from the poorest land cultivated under similar conditions
No synonyms found.
No antonyms found.
The landowner receives an economic rent from the tenant in the form of a regular payment.
The economic rent is the price paid for the use of land, capital, or other resources that are scarce in supply.
Economic rent is determined by the demand for and supply of a particular resource.
Landlords often charge economic rent to tenants who use their property for farming, residential, or commercial purposes.
