In economics, economic rent is any payment to a factor of production in excess of the cost needed to bring that factor into production. In classical economics, Economic rent is any payment made (including imputed value) or benefit received for non-produced inputs such as location (land) and for assets formed by creating official privilege over nat...
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the profit that could be earned from a fishery owned by an individual. Individual ownership maximizes profit, but an open entry policy usually results in so many fishermen that profit barely matches opportunity cost. See maximum economic yield.
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http://en.wikipedia.org/wiki/Glossary_of_fishery_terms
See rent.
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http://www-personal.umich.edu/~alandear/glossary/e.html
A surplus paid to any factor of production over its supply price. Economic rent is the difference between what a factor of production is earning (its return) and what it would need to be earning to keep it in its present use. It is in other words the amount a factor is earning over and above what it could be earning in its next best alternative use...
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http://www.encyclo.co.uk/local/20140
Payment to a
factor of production over and above its transfer earnings, in other words, what it could earn in its next best use. For example, if a footballer is paid £50,000 a year but could...
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http://www.encyclo.co.uk/local/20688
the profit that could be earned from a fishery owned by an individual. Individual ownership maximizes profit, but an open entry policy usually results in so many fishermen that profit barely matches opportunity cost. See maximum economic yield.
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http://www.translationdirectory.com/glossaries/glossary245.php
[
n] - the return derived from cultivated land in excess of that derived from the poorest land cultivated under similar conditions
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http://www.webdictionary.co.uk/definition.php?query=economic%20rent
noun the return derived from cultivated land in excess of that derived from the poorest land cultivated under similar conditions
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https://www.encyclo.co.uk/local/20974
No exact match found.
