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Definition of Economic rent
1. Noun. The return derived from cultivated land in excess of that derived from the poorest land cultivated under similar conditions.
Definition of Economic rent
1. Noun. (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 ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Economic Rent
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