Noun
the return derived from cultivated land in excess of that derived from the poorest land cultivated under similar conditions
Source: WordNetGeorgist 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