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Meaning of "economic rent" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF ECONOMIC RENT

economic rent play
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GRAMMATICAL CATEGORY OF ECONOMIC RENT

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Economic rent is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES ECONOMIC RENT MEAN IN ENGLISH?

Economic rent

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 or benefit received for non-produced inputs such as location and for assets formed by creating official privilege over natural opportunities. In neoclassical economics, economic rent also includes income gained by beneficiaries of other contrived exclusivity, such as labor guilds and unofficial corruption. Economic rent should not be confused with producer surplus, or normal profit, both of which involve productive human action. Economic rent is also independent of opportunity cost, unlike economic profit, where opportunity cost is an essential component. Economic rent should be viewed as unearned revenue, whereas economic profit is a narrower term describing a more theoretical concept of unearned surplus income greater than the next best risk-adjusted alternative. Unlike economic profit, economic rent cannot be eliminated by competition, since all value from natural resources and locations yield economic rent.

Definition of economic rent in the English dictionary

The definition of economic rent in the dictionary is a payment to a factor of production in excess of that needed to keep it in its present use. Other definition of economic rent is the rent of a dwelling based on recouping the costs of providing it plus a profit sufficient to motivate the landlord to let it.

WORDS THAT BEGIN LIKE ECONOMIC RENT

economic
economic analyst
Economic and Monetary Union
economic determinism
economic embargo
economic geography
economic geology
economic indicator
economic management
economic migrant
economic rationalism
economic sanctions
economic zone
economical
economically
economics
economies
economies of scale
economisation
economiser

WORDS THAT END LIKE ECONOMIC RENT

apparent
BitTorrent
Brent
concurrent
cost rent
current
different
fair rent
for rent
ground rent
inherent
market rent
parent
peppercorn rent
rent
Saint Laurent
Saint-Laurent
torrent
transparent
Trent

Synonyms and antonyms of economic rent in the English dictionary of synonyms

SYNONYMS

Translation of «economic rent» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF ECONOMIC RENT

Find out the translation of economic rent to 25 languages with our English multilingual translator.
The translations of economic rent from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «economic rent» in English.

Translator English - Chinese

经济租金
1,325 millions of speakers

Translator English - Spanish

renta económica
570 millions of speakers

English

economic rent
510 millions of speakers

Translator English - Hindi

आर्थिक किराया
380 millions of speakers
ar

Translator English - Arabic

الريع الاقتصادي
280 millions of speakers

Translator English - Russian

экономическая рента
278 millions of speakers

Translator English - Portuguese

renda econômica
270 millions of speakers

Translator English - Bengali

অর্থনৈতিক ভাড়া
260 millions of speakers

Translator English - French

rente économique
220 millions of speakers

Translator English - Malay

Sewa ekonomi
190 millions of speakers

Translator English - German

ökonomische Rente
180 millions of speakers

Translator English - Japanese

経済地代
130 millions of speakers

Translator English - Korean

경제 임대
85 millions of speakers

Translator English - Javanese

Ekonomi sewa
85 millions of speakers
vi

Translator English - Vietnamese

thuê kinh tế
80 millions of speakers

Translator English - Tamil

பொருளாதார வாடகை
75 millions of speakers

Translator English - Marathi

आर्थिक भाडे
75 millions of speakers

Translator English - Turkish

Ekonomik kira
70 millions of speakers

Translator English - Italian

rendita economica
65 millions of speakers

Translator English - Polish

renta ekonomiczna
50 millions of speakers

Translator English - Ukrainian

економічна рента
40 millions of speakers

Translator English - Romanian

chirie economic
30 millions of speakers
el

Translator English - Greek

οικονομική ενοικίαση
15 millions of speakers
af

Translator English - Afrikaans

ekonomiese huur
14 millions of speakers
sv

Translator English - Swedish

ekonomisk hyra
10 millions of speakers
no

Translator English - Norwegian

grunnrente
5 millions of speakers

Trends of use of economic rent

TRENDS

TENDENCIES OF USE OF THE TERM «ECONOMIC RENT»

The term «economic rent» is normally little used and occupies the 117.384 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
45
/100
The map shown above gives the frequency of use of the term «economic rent» in the different countries.
Principal search tendencies and common uses of economic rent
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «economic rent».

FREQUENCY OF USE OF THE TERM «ECONOMIC RENT» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «economic rent» during the past 500 years. Its implementation is based on analysing how often the term «economic rent» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about economic rent

EXAMPLES

10 ENGLISH BOOKS RELATING TO «ECONOMIC RENT»

Discover the use of economic rent in the following bibliographical selection. Books relating to economic rent and brief extracts from same to provide context of its use in English literature.
1
微观经济学原理(第2版)(清华经济学系列英文版教材):
The answer to this question hinges on the distinction between economic profit and economic rent. Most people think of rent as the payment they make to a landlord or the supplier of a dorm refrigerator, but the term economic rent has a different ...
Robert H. Frank, Ben Bernanke, 2003
2
Economics: A Contemporary Introduction
The amount Bryant earned in excess of his opportunity cost is called economic economic rent rent. Economic rent is that portion of a resource's earnings that exceeds the amount Portion ota resource's total needed to keep the resource in its ...
William A. McEachern, 2012
3
Optimum Fishing Effort and Economic Rent: A Case Study of Cyprus
The purpose of this mission was to give advice to the Cyprus Government with regard to optimum effort in the fisheries of Cyprus, and to calculate the economic rent obtainable in the fishery. A part of the background for this mission was the fact ...
Rognvaldur Hannesson, 1989
4
Measuring and Apportioning Rents from Hydroelectric Power ...
Economic rent arises when exploiting a resource that Nature has endowed with a value that is independent of any labor, capital or entrepreneurial effort applied to the resource. Resource developers, therefore, do not "earn" rent as they do ...
Mitchell P. Rothman, 2000
5
Price Theory and Applications: Decisions, Markets, and ...
s. LU Q hP •^ ^^~D Figure 13.9. Economic Rent Economic rent is the shaded area lying above the factor supply curve S„ and belowthe market equilibrium hire- price h*a. Employment of Factor A So in equilibrium the interest rate equals the ...
Jack Hirshleifer, Amihai Glazer, David Hirshleifer, 2005
6
Business Economics
(i) According to Carver, "Rent is the price paid for the use of land. " (ii) In the words of Jacob Oser, "Economic Rent is the payment for the use of the scarce natural resources." (iii) In the words, of Anatol Murad, "Economic Rent is that portion of a ...
7
The Role and Extent of Economic Rent in Distribution Contracts
Abstract This dissertation is composed of five chapters that investigate the extent and role of economic rent in distribution contracts between manufacturers and dealers. Manufacturers often devise contractual mechanisms that enable ...
Ho Fu Des Lo, 2008
8
Enclaves of Single Tax Or Economic Rent ...
Charles White Huntington. ENCLAVSS OF SINGLE TJX that the speculative fever , which so often explains the rapid expansion of Western towns, has been absent. Varying opinions are held as to the value of enclaves for the purpose of ...
Charles White Huntington, 1921
9
Economics
Economic rent is any payment that does not affect the supply of the input. As a consequence, economic rent is apurely demand-determined pavment. For example, suppose a farm grows a given amount of cotton and nothing else. Suppose ...
Walter J. Wessels, 2000
10
Economics in Context
differentials. Quantity of skilled workers Figure 6.9 The markets for skilled. Key concepts covered determining relative wages economic rent transfer earnings monopsonist oligopsonist bargaining strengths social convention wage differentials ...
Susan Grant, Chris Vidler, 2000

10 NEWS ITEMS WHICH INCLUDE THE TERM «ECONOMIC RENT»

Find out what the national and international press are talking about and how the term economic rent is used in the context of the following news items.
1
Post-sanctions situation can threat Iran 's economy
Right now some economic experts and managers inside Iran predict that once international sanctions on Iran are removed, economic rent ... «AzerNews, Jul 15»
2
Academic Prostitution, California Style
... they all had a common theme: higher education is often largely about the pursuit of income – what the economists call “economic rent.”. «Forbes, Jul 15»
3
Wall Street and the Greek Financial Crisis
For what we've privatized already, we're going to tax the economic rent to recover for the country what these owners didn't create, like the ... «CounterPunch, Jul 15»
4
US Hedge Funds Get Bailed Out If Greeks Pass Bailout Referendum
For what we've privatized already, we're going to tax the economic rent to recover for the country what these owners didn't create, like the ... «The Real News Network, Jun 15»
5
On The Delphi Declaration – OpEd
And they don't want sovereign Greece to tax the economic rent from these assets. In short, the negotiation between The Institutions and Greece ... «Eurasia Review, Jun 15»
6
'Coward man keep sound bone'
... of those savings to invest in the stock market where the annual rate of returns is usually better than what the banks will pay as economic rent. «Jamaica Observer, Jun 15»
7
Oilpatch waiting to exhale
... reality is that there isn't much in terms of additional economic rent to extract, given where prices are and the direction of investment activity. «Calgary Herald, Jun 15»
8
Dahlby: Advice to the premier on royalty review mandate
To ask what is the 'fair' share of the net income or economic rent generated by oil and gas development in the province is, and indeed was, ... «Calgary Herald, Jun 15»
9
Bill O'Chee: Banks are making hidden profits from your credit card
Banks do need to make profits, but the profits should be based on good banking principles, not economic rent seeking. It is time the banks ... «Brisbane Times, Jun 15»
10
Airbnb and Uber's sharing economy is one route to dotcommunism
And the owners of Airbnb were generating economic rent out of their asset – the peer-to-peer booking and payment platform that has a ... «The Guardian, Jun 15»

REFERENCE
« EDUCALINGO. Economic rent [online]. Available <https://educalingo.com/en/dic-en/economic-rent>. Apr 2024 ».
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