Economic rent (political economy) - Hutchinson encyclopedia article about Economic rent (political economy) Printer Friendly
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economic rent
(redirected from Economic rent (political economy))

    Also found in: Wikipedia 0.05 sec.

economic rent

Payment to a factor of production over and above its transfer earnings, in other words, what it could earn in its next best use. For example, if a footballer is paid £50,000 a year but could only earn £20,000 a year in his next best job, then his economic rent would be £30,000.



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