economic rent

Noun

Meaning

the return derived from cultivated land in excess of that derived from the poorest land cultivated under similar conditions

Source: WordNet

Synonyms

rent

Hypernyms

take return issue yield proceeds payoff

Examples

Georgist economists argue that all of the economic rent collected from natural resources (land, mineral extraction, fishing quotas, etc.) is unearned income, and belongs to the community rather than any individual. Source: Internet

Therefore, the economic rent of land is not the product of one particular individual and it may be claimed for public expenses. Source: Internet

Close letter words and terms

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