ECONOMIC RENT

Pronunciation (US): (GB):

Meaning:

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

Synonyms:

economic rent; rent

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("economic rent" is a kind of...):

issue; payoff; proceeds; return; take; takings; yield (the income or profit arising from such transactions as the sale of land or other property)