Definitions for "ECONOMIC RENT"
Calculations or analysis to determine market rental alue of a property at any given time, even though the actual rent may be different.
The rent that a property would bring if offered in the open market. Same as market rent-often differs from the contract rent.
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 (its transfer earnings).
income that accrues to the owner of a scarce resource.
The income received by any factor of production over and above the amount required to induce a given quantity of the factor to be supplied. (p. 402)
The income received by the owner of a resource over and above the amount required to induce that owner to offer the resource for use.
The total amount of 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 decreases. See maximum economic yield.
the return derived from cultivated land in excess of that derived from the poorest land cultivated under similar conditions
A return in excess of its opportunity cost for a factor of production.
an economic reward that cannot be justified as an incentive to perform the function thus rewarded
Keywords:  something, supply, fixed, price
the price of something that has a fixed supply.
money paid to someone over and above the amount he or she needs to remain in that particular line of work.
Economics