Definitions for economic rent
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Random House Webster's College Dictionary
ec′onom′ic rent′(n.)
the return on a productive resource, as land or labor, that is greater than the amount necessary to keep the resource producing.
Category: Business
Origin of economic rent:
1885–90
Princeton's WordNet
economic rent, rent(noun)
the return derived from cultivated land in excess of that derived from the poorest land cultivated under similar conditions
Wiktionary
economic rent(Noun)
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
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