economic rent

ec·o·nom·ic rent

E e

Transcription

- US Pronunciation
- US IPA
- UK Pronunciation
- UK IPA
- [ek-uh-nom-ik, ee-kuh- rent]
- /ˌɛk əˈnɒm ɪk, ˌi kə- rɛnt/
- /ˌiːkəˈnɒmɪk rent/

- US Pronunciation
- US IPA
- [ek-uh-nom-ik, ee-kuh- rent]
- /ˌɛk əˈnɒm ɪk, ˌi kə- rɛnt/

Definitions of economic rent words

noun economic rent the return on a productive resource, as land or labor, that is greater than the amount necessary to keep the resource producing or on a product in excess of what would have been the return except for some unique factor. 1
noun economic rent a payment to a factor of production (land, labour, or capital) in excess of that needed to keep it in its present use 0
noun economic rent (in Britain) the rent of a dwelling based on recouping the costs of providing it plus a profit sufficient to motivate the landlord to let it 0
noun economic rent (economics) the amount of recompense paid to a factor of production on top of its transfer earnings; this does not encompass costs incurred during the process of production or service. 0

See all 4 definitions of economic rent

Information block about the term

Origin of economic rent

First appearance:

before 1885

One of the 21% newest English words

First recorded in 1885-90

Historical Comparancy

Parts of speech for Economic rent

noun

adjective

verb

adverb

pronoun

preposition

conjunction

determiner

exclamation

Full grammatical hierarchy of Economic rent

economic rent popularity

A pretty common term. Usually people know it’s meaning, but prefer to use a more spread out synonym. About 36% of English native speakers know the meaning and use word.

According to our data about 73% of words is more used. This is a rare but used term. It occurs in the pages of specialized literature and in the speech of educated people.

economic rent usage trend in Literature

This diagram is provided by Google Ngram Viewer

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